Circle, the issuer of the controversial stablecoin USD Coin (USDC), has applied for two crypto licenses in France to strengthen its European initiatives.
In a recent statement by Circle, A digital asset service provider registered in Europe And to become a licensed digital currency company It was stated that two different applications were made to the authorized institutions of France. According to the statement, these applications aim to offer Circle’s products to customers in France and Euro-backed stablecoin EUROC operationsaims to strengthen in that region.
On the other hand, Circle, which wants to carry out a stable work specific to EUROC, is expected to enter into force in Europe in the near future. MiCA (Crypto Asset Markets Act) plans to prepare for the reserve requirements of the law. Circle is currently in various states of the USA And SingaporeIt is licensed as a stablecoin issuer in .
Co-founder and CEO of Circle Jeremy Allaire In his statement on the subject, he made the following statements:
We are excited to put our European growth strategy into high gear with this application.
USA based Silicon Valley Bank (SVB) to your downfall 3.3 billion dollars Circle’s stablecoin, USDC, suffered a major dollar stability crisis. This step, taken by Circle outside the USA, more secure and in different financial regions may be part of the positioning objective.