In an announcement on Monday, Circle revealed it has become the first global stablecoin issuer to be granted with the Electronic Money Institution (EMI) license under Markets in Crypto Assets (MiCA) laws in the EU.
Circle is officially the first stablecoin issuer to obtain an EMI license in compliance with the EU's MiCA laws. EMI license gives Circle full rights to issue USDC and EURC stablecoins in Europe. Circle France will now serve as the headquarters for the company's financial activity in Europe.
Circle also added that the license comes with full rights to issue its USDC and Euro Coin across the EU under MiCA crypto regulations, as its regulatory terms took full effect on June 30. This has pushed the company to launch Circle Mint, an arm available to business customers in France. Circle Mint will allow customers to mint and redeem USDC and EURC tokens throughout the European market.
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