USDC is EU’s first ‘significant’ stablecoin, Circle defends economics
Photo: CoinGeek
By Steven Stradbrooke . Senior writer covering all things blockchain, with a focus on regulatory, legislative and policy developments. TL;DR: The EBA named USDC the EU’s first “significant” stablecoin under MiCA, with supervision of its reserves and capital starting November 12. Circle is defending its revenue-sharing model and expanding into about 50 emerging markets ahead of its November 4 earnings. USDC has gone down in history as the European Union’s first ‘significant’ stablecoin , while USDC issuer Circle ( NASDAQ: CRCL ) is defending the economics behind its primary moneymaker.
Source: CoinGeek
