Circle announced that USDC became the first stablecoin to comply with the new laws in Canada, which will come into effect next year. These laws require crypto exchanges to exclude stablecoins that do not meet the standards by December 31. Circle has received approval from Canadian regulators and the Ontario Securities Commission. Against the backdrop of Tether's dominance, Circle gains a competitive advantage, especially due to its compliance with regulations in other countries, attracting institutional investors and users.
12/7/2024 2:24:54 PM (GMT+1)
Circle has achieved compliance with the new Canadian laws for stablecoins, becoming the first crypto asset to pass certification. USDC's market capitalization is $40.3 billion 💡
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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