Amid ongoing concerns about its collateralization, Circle’s USDC stablecoin maintains a steady market cap, reflecting investor confidence. Analysts are closely monitoring its reserves and market performance for signs of stability or risk.
Coinbase announces plans to delist unauthorized stablecoins in the European Union by December 30, 2024, to comply with MiCA regulations. This move highlights the growing regulatory challenges for stablecoin issuers in the EU market.
Circle has introduced a new blockchain-based compliance platform called Compliance Engine, aiming to enhance USDC adoption and compete with rival stablecoins in the growing tokenized real-world assets (RWA) market.
Circle has confirmed plans to relocate its legal base from the Republic of Ireland to the United States, foregoing Ireland’s low corporate tax rates. This move is tied to Circle’s proposed initial public offering (IPO) plans, which were disclosed earlier this year.
