$USDC

The growing relevance of stablecoins has

driven the advancement of regulatory

frameworks in multiple jurisdictions.

The European Union has taken significant

steps with the approval of the MiCA

regulation (Markets in Crypto-Assets), under

which Circle has been authorized to issue

USDC and EURC. Likewise, countries such as

Japan, the United Arab Emirates, Hong

Kong, and Singapore are advancing with

similar legislation. In the United States,

there has also been expressed intent to pass

a law on stablecoins before the end of the

year.