In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.
The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France.
That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc.
After that point, crypto companies will have until July 2026 to become fully compliant with MiCA.
Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.
Persons:
Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT
Organizations:
Getty, EMI, Union's, U.S ., Investors, European Union, Circle
Locations:
France, Crypto, U.S, European