Circle executive says only USDC, USDG and EURC meet MiCA among top 50 stablecoins

Circle’s senior director for EU strategy and policy, Patrick Hansen, said about 35 regulated electronic money tokens, or EMTs, issued by 21 entities currently exist in the EU, but only USDC, USDG and EURC comply with the Markets in Crypto-Assets regulation, or MiCA, among the world’s top 50 stablecoins. Hansen added Europe should boost its competitiveness and strengthen international regulatory coordination in future reviews of the MiCA framework.