Circle calls MiCA a milestone for stablecoin legitimacy in global finance
Circle’s Head of Global Policy, Dante Disparte, praised the European Union’s Markets in Crypto-Assets Regulation (MiCA) as a breakthrough in legitimizing stablecoins on the global financial stage, calling the framework “a milestone” for regulatory clarity in the rapidly evolving digital asset sector.
Speaking at Paris Blockchain Week during a fireside chat with TRM Labs’ Ari Redbord, Disparte emphasized that clear rules are essential for drawing institutional capital and trust into the crypto ecosystem. “The regulation works,” he said. “It creates an environment of legal certainty that can attract global investors and strengthen financial innovation”, according to Crypto News.
MiCA, introduced in 2023 and set to take full effect in 2024, establishes comprehensive standards for crypto firms operating in the EU, including a strict ban on offering yield-bearing stablecoins. Circle, the issuer of the USDC stablecoin, became the first company to secure an Electronic Money Institution (EMI) license under the framework in France last year.
Transatlantic regulation and the ‘Stable Genius’ vision
Disparte also highlighted Circle’s advocacy for two U.S. legislative proposals—the GENIUS Act and STABLE Act—designed to bring similar regulatory clarity stateside. He humorously referred to their combined effect as a “Stable Genius” framework that could align with MiCA and promote transatlantic regulatory reciprocity.
He further endorsed the EU’s decision to treat compliant stablecoins as e-money tokens, stating that interest-bearing versions undermine their role as true digital cash. “Stablecoins should act like a physical dollar or euro: a unit of measure, medium of exchange, and store of value,” he said.
Circle’s embrace of MiCA reflects growing momentum toward standardized global crypto oversight.
Also, Circle has contributed $1 million in USDC to President Donald Trump’s inaugural committee. CEO Jeremy Allaire highlighted the milestone as a testament to the growing acceptance and potential of digital dollars.
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