• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Algorand leads the European market with MiCAR stablecoins

user avatar

by Giorgi Kostiuk

9 months ago


Following the European Union's new regulatory framework, Algorand is taking a leadership role in the European crypto market by launching two MiCAR-compliant stablecoins: $EURD and $USDCa.

Launch of MiCAR-compliant stablecoins

Algorand announced the launch of $EURD and $USDCa, fully conforming to MiCAR regulations. $USDCa, issued by Circle, has raised more than $114 million in circulation. $EURD, issued by the Dutch company Quantoz, offers a fully regulated digital version of the Euro with zero transfer fees.

Technical advantages of Algorand and USDC support

Algorand's blockchain offers fast transaction finality and low fees. $USDCa, integrated into the Algorand blockchain, is supported by exchanges like Coinbase and Binance, increasing its liquidity and accessibility for European users.

MiCAR regulation and its market impact

MiCAR includes strict requirements for stablecoin issuance, leading to the exit of non-compliant stablecoins from the European market and their delisting from major exchanges.

The launch of MiCAR-compliant stablecoins highlights Algorand's growing presence in the European crypto market, creating more secure and transparent conditions for digital assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Terra Nexus and Sinohydro Partnership: A New Era of Resource Mining in West Africa

chest

Terra Nexus and Sinohydro have signed a memorandum of understanding for joint resource mining projects in West Africa.

user avatarGiorgi Kostiuk

BNB Might Break Through $700 Resistance After Recent Token Burn

chest

BNB price is approaching a $700 resistance level, signaling potential breakout following token burn and rising active addresses.

user avatarGiorgi Kostiuk

Darktrace Study: Scammers Employ Sophisticated Social Engineering Tactics

chest

Scammers impersonating startups use social engineering to deploy malware for cryptocurrency theft.

user avatarGiorgi Kostiuk

Bitcoin Sets New Record, Ethereum Rises, VIRTUAL Mirrors LINK

chest

Bitcoin reaches a new record at $118K, Ethereum surpasses $3000, and VIRTUAL forms a fractal reminiscent of LINK before its rise.

user avatarGiorgi Kostiuk

Bitcoin Reaches New High: Insights from Analysts

chest

Bitcoin has surpassed $118,000, setting a new all-time high. Data analysis suggests potential for further growth.

user avatarGiorgi Kostiuk

Lightning Network: Overview and Operation Principles

chest

The Lightning Network is Bitcoin’s successful second-layer solution for rapid and low-cost transactions.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.