#eurc

➤ Circle, issuer of USDC and EURC stablecoins, has obtained regulatory approval from France's AMF and ACPR, becoming a leading regulated digital currency issuer in Europe. ➤ This approval allows Circle to offer custody and transfer services for its stablecoins across the European Economic Area, aligning with the new MiCA regulations. ➤ The move signifies Europe's growing attractiveness for crypto companies seeking a defined and stable legal environment, potentially driving further adoption of blockchain-based payment solutions.

➤ Circle has received MiCA approval in France, allowing it to offer regulated USDC and EURC services across Europe. ➤ This approval enables Circle France to provide custody and transfer services for stablecoins under stringent EU regulations, enhancing trust and adoption. ➤ Circle is also integrating USDC into Kyriba's treasury platform, expanding its use in corporate treasury systems and automated workflows.

➤ Circle has obtained a landmark EU approval under the MiCA framework, allowing it to offer crypto asset services, including custody of USDC and EURC, across the European Economic Area. ➤ This Electronic Money Institution (EMI) license signifies a major regulatory win for Circle, establishing a clear legal path for stablecoins and enhancing institutional adoption within the EU. ➤ The approval positions Circle as a leading regulated stablecoin issuer in Europe, potentially accelerating global regulatory clarity for digital assets and setting a precedent for other issuers.

➤ Circle France has obtained approval from the AMF to offer crypto-asset services under the MiCA regulation. ➤ This authorization allows Circle France to provide custody and transfer services for its stablecoins, USDC and EURC, across the European Economic Area. ➤ The approval signifies Circle's commitment to operating within European regulatory frameworks and building digital financial infrastructure in the EU.

➤ Spain is leading Europe in retail payments using the EURC stablecoin, with transactions averaging 49 euros, indicating consumer adoption for daily use. ➤ The growth in euro-denominated stablecoins like EURC is occurring under the EU's MiCA framework, which aims to foster alternatives to dollar-pegged assets. ➤ While adoption is growing, challenges remain in merchant integration and broader market value compared to dollar-pegged stablecoins.

➤ New currency-backed stablecoins like EURC, CNY, and JPY are gaining significant traction, challenging the dominance of USDC and USDT. ➤ Regulatory developments such as the EU's MiCA framework and proposed US legislation (GENIUS Act, CLARITY Act) are shaping the stablecoin landscape. ➤ The growth of these alternative stablecoins signals a potential shift in the global financial system, with a focus on reducing U.S. dollar dependency.

Visa has announced the launch of a stablecoin pilot program using USDC and EURC to power real-time cross-border payouts. The initiative is aimed at modernizing treasury operations and improving global payment efficiency.

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