PARIS – June 26, 2024 – Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced that it has joined Adan. Adan, a leading association bringing together professionals in the digital asset and blockchain sector throughout France and Europe, has over 200 member companies and is the largest grouping of Web3 players in France and Europe.
“Last year Circle selected France as our European regulatory base to build on the country’s clear rules for responsible innovation as well as their rich entrepreneurial, tech, banking and financial services foundation,” said Coralie Billmann, Managing Director, Circle France. “We are proud to join Adan as a logical next step that aligns with our vision and regulatory first approach for doing business.”
“We are delighted to welcome a leader like Circle as a member of Adan,” said Faustine Fleuret, President at Adan. “Circle’s dedication to regulatory compliance and innovation aligns with our mission to foster a secure and dynamic environment for digital assets in France and Europe. Together, we look forward to advancing the industry and responsible growth.”
As announced last year, Circle’s objective is to bring its European operations and its flagship products, including EURC and USDC, under comprehensive EU oversight and into compliance with the forthcoming Markets in Crypto-Assets (MiCA) Regime. Circle has received a Digital Asset Service Provider (DASP) registration with the French Financial Markets Authority (Autorité des Marchés Financiers) and has applied for an Electronic Money Institution license (demande d’agrément en qualité d'établissement de monnaie électronique) under the rigorous standards set out by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).