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The French Financial Markets Authority (AMF) has granted the local branch of the American firm Circle a license for the custody and transfer of the stablecoins USD Coin (USDC) and Euro Coin (EURC).
Circle, the issuer of USDC and EURC, will be able to provide services to retail customers and businesses throughout the European Economic Area (EEA) under the European Union’s Regulation on the Regulation of Cryptocurrencies (MiCA). This regulation mandates that token issuers operating in the EU obtain a license and adhere to requirements regarding reserves, asset management, and user protection. The authorization for custody and transfer services pertains solely to Circle’s own tokens.
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In July 2024, the Prudential Control and Resolution Authority (ACPR) issued Circle a license for the issuance of electronic money (EMI), which applies to USDC and EURC. Circle’s Chief Strategy Officer, Dante Disparte, assured that the company is committed to complying with European legislation.
In April 2025, Circle launched the Circle Payments Network (CPN), enabling payment service providers, fintech firms, banks, and international organizations to conduct real-time international settlements using regulated stablecoins.
Last month, Circle introduced its own wrapped version of Bitcoin, cirBTC, backed by the original cryptocurrency at a 1:1 ratio. According to the developers, the token will be integrated into the Arc blockchain and the Circle Mint platform for the issuance and redemption of digital assets.
