Circle has become the first global stablecoin issuer to secure an e-money license under the European Union's Markets in Crypto-Assets (MiCA) regulatory framework. This license, granted by the French financial regulator ACPR, allows Circle to issue its USDC and EURC stablecoins across the EU. MiCA, effective as of June 2023, provides a comprehensive legal framework for crypto assets, including investor protections and market manipulation prevention, and limits non-euro stablecoin transactions to 1 million daily or €200 million. Circle's CEO, Jeremy Allaire, highlighted this achievement as a significant milestone in mainstream acceptance of digital currencies. Several crypto exchanges have adjusted their policies in preparation for MiCA’s implementation, with some delisting certain stablecoins.