Circle, flagship issuer of the USDC stablecoin, is partnering with the French association Adan to anticipate the MiCA regulatory era in Europe. This strategic alliance, concluded a few days before the implementation of MiCA, marks a crucial step for Circle in its ambition to comply with new regulations while consolidating its presence in Europe.
Circle and Adan: A strategic crypto alliance for the MiCA era
Circle, a major player in digital financial services and Circle adversary, recently announced a strategic partnership with Adan, the Association for the Development of Digital Assets. This partnership comes at a crucial time, as Europe prepares to implement the MiCA (Markets in Crypto-Assets) regulatory framework.
Coralie Billmann, general director of Circle France, stressed that this membership in Adan is a logical step in the company's strategyfocused on a “regulatory-first” approach.
By choosing France as its operational base, Circle benefits from a clear regulatory environment favorable to innovationreinforced by a robust entrepreneurial and technological infrastructure.
This collaboration will allow Circle to more easily navigate the complex landscape of European regulationsthus ensuring compliance while continuing to innovate.
The impact of MiCA on stablecoins
The MiCA regulatory framework promises to transform the stablecoin market in Europeimposing strict requirements that could disrupt the current ecosystem.
Jasper De Maere, a researcher at Outlier Ventures, predicts that many stablecoins, especially those backed by the US dollar, will struggle to comply with these new regulations.
This situation could push some companies to leave the European Unionthereby limiting European users' access to smooth transactions and diversified investment opportunities.
However, Circle appears well positioned for face these challenges thanks to its conditional registration as a digital asset service provider (DASP) in France and its partnership with Adan.
By aligning with MiCA regulations, Circle demonstrates its desire to remain a key player in digital asset innovation in Europe, while offering compliant and secure solutions to its users.
With its strategic partnership with Adan, Circle is actively preparing for the MiCA era, ensuring a smooth and compliant transition for stablecoins and the crypto industry in Europe.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Click here to join 'Read to Earn' and turn your passion for crypto into rewards!
