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Tag Archives: MiCA

Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins

The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased Demand For USDC After MiCA In its latest report, Kaiko revealed that non-compliant stablecoins account for 88% of the total stablecoin volume, at present. But Europe’s Markets in Crypto-Assets Regulation...

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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?

A popular New York-based crypto exchange, Uphold, announced the delisting of six stablecoins in response to the upcoming MiCA regulation in the European Union, including Tether (USDT) – the largest of the cohort. This decision aligns with the Markets in Crypto Assets (MiCA) regulation, which fully takes effect on June 30th, 2024. Passed into law in May 2023 and partially enacted a month later, MiCA requires all digital assets to comply with its extensive regulations. However,...

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Financial Stability Institute Urges Global Consistency in Stablecoin Regulation

CoinspeakerFinancial Stability Institute Urges Global Consistency in Stablecoin Regulation The report noted that regulatory approaches to stablecoins share similarities in key requirements but differ in response to various stablecoin design features and perceived risks.  Financial Stability Institute Urges Global Consistency in Stablecoin Regulation

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