Circle’s USDC Leads 45 EU E-Money Tokens With Landmark MiCA Classification

Circle’s USDC has become the first stablecoin in the European Union to be classified as a significant e-money token under MiCA. It is the EU’s comprehensive crypto asset regulatory framework . The European Banking Authority made the designation after assessing USDC against the criteria set out in the regulation. It makes it the first of 45 notified e-money tokens in the EU to receive the significant classification. USDC is the world’s second-largest stablecoin by market capitalisation. In addition, in Europe, it is issued by Circle Internet Financial Europe SAS.

Source: TheNewsCrypto