Circle, a leading cryptocurrency firm known for its USDC stablecoin, announced on Monday that it has secured an e-money license from France’s banking regulator, ACPR. This milestone makes Circle the first global stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations.

With this license, Circle can now issue its USDC and EURC stablecoins throughout the EU, ensuring compliance with MiCA’s stringent stablecoin provisions. Circle’s CEO, Jeremy Allaire, emphasized the significance of this achievement, highlighting it as a critical step towards mainstream acceptance and regulation of digital currencies.

The MiCA framework, passed last year, is the world’s first comprehensive crypto law, setting rigorous standards for investor protection and market integrity. Circle’s approval under these regulations marks a significant advancement for the cryptocurrency industry, paving the way for broader adoption and integration of stablecoins in global financial systems.

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