Circle Applies for Regulatory Approval in France

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Written By Keegan King

Circle announced today that they have applied for regulatory approval in France where they will act as a key hub for French investors, offering citizens financial services linked to the USDC coin. The announcement comes shortly after USDC’s recent de-pegging which has since recovered, signaling itself as one of the more reliable stablecoins following its strong return. 

With banks around the world facing significant risk after rising interest rates caused Silicon Valley Bank to collapse, the prospect of using USDC for financial services has become more appealing to many crypto investors. 

If approved, Circle and USDC (along with their Euro counterpart EUROC) would become one of the first cryptocurrencies to gain approval under the new MiCA regulations that are gaining momentum in the European Union.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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