Circle has received MiCA approval and issues its euro-pegged stablecoin EURC but has scaled back operations of its USD-pegged USDC in the EU

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Circle’s USD Coin (USDC) has managed to stay in operation in the EU after gaining approval to roll out a euro-pegged stablecoin, EURC. In addition, Circle scaled back USDC offerings in the region due to MiCA, with some EU exchanges also delisting USDC.