Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap

EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated … Read more

Circle’s Stablecoins Now MiCA Compliant

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU … Read more

Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock … Read more