CandleFocus Circle exec expects ‘huge shift’ in EU market post-MiCA
2024-09-26
Author: Content Editor
Patrick Hansen, Circle's European strategy director, predicts significant growth in the European Union's crypto and stablecoin market by late 2025. He believes that the Markets in Crypto-Assets Regulation (MiCA), which provides comprehensive guidelines for digital assets, will be the primary catalyst for this growth. Circle, the issuer of stablecoin USDC, has obtained MiCA's inaugural stablecoin license and has seen its euro-pegged stablecoin, EURC, experience a 60-70% increase in value since July. Hansen expects continued growth for EURC and other stablecoins in the EU due to MiCA's rules. Circle is also planning an initial public offering in the US and has relocated its global headquarters to New York City.
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