Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules
Summary
Circle has obtained registration as an electronic money institution (EMI) in France, making it the first global stablecoin issuer to comply with the EU's Markets in Crypto-Assets (MiCA) framework. This allows Circle to issue USDC and Euro Coin (EURC) tokens in the EU and offer Circle Mint services in France. MiCA imposes strict regulations on stablecoins, and Circle must ensure full compliance by July 2026. USDC, launched in 2018, is now the second-largest stablecoin globally, with a circulation of $32.4 billion.
