Circle becomes the first global stablecoin issuer licensed under the EU's MiCA rules

Circle/USDC

Circle obtained an electronic money institution licence from France's ACPR, becoming the first global stablecoin issuer to comply with the EU's Markets in Crypto-Assets (MiCA) regulation, whose stablecoin provisions took effect on 30 June 2024. Circle Mint opened to European business customers to mint and redeem USDC and EURC.

• Licence type: Electronic Money Institution (EMI) from France's ACPR banking authority.
• Covers both USDC and EURC issuance throughout the EU under MiCA compliance.
• Circle Mint provides local banking capabilities, near-instant and cost-effective access for minting and redemptions across Europe.
• USDC and EURC now the only top-10 stablecoins by market cap meeting MiCA requirements.