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Binance Champions MiCA-Compliant USDC in European Crypto Market

Published 07/02/2024, 06:32 PM
Updated 07/02/2024, 07:15 PM
Binance Champions MiCA-Compliant USDC in European Crypto Market

  • Circle’s USDC became the first major regulated stablecoin in the European Economic Area (EEA).

  • Binance CEO Richard Teng announces the exchange’s support for USDC.

  • Jeremy Allaire, CEO of Circle, acknowledges USDC’s compliance with the MiCA as a huge milestone.

Binance, the world’s leading cryptocurrency exchange, has doubled down on its support for USD Coin (USDC) in the European market after Circle, the issuer of USDC, became the first major stablecoin to achieve regulatory compliance under the European Union’s landmark Markets in Crypto-Assets (MiCA) framework.

With Circle’s USDC becoming the first major Regulated Stablecoin in the European Economic Area (EEA), Binance, the world’s largest crypto exchange, has announced its support for the dollar-pegged token.

Binance CEO Richard Teng confirmed on X (formerly Twitter) that USDC will remain available across most of the platform’s product offerings for EEA users. The official blog post has listed out the available offerings using USDC.

The post Binance Champions MiCA-Compliant USDC in European Crypto Market appeared first on Coin Edition.

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