Comment on Kraken to Delist Tether USDT, Four Stablecoins Amid EU MiCA Rules by USDC Issuer Circle Gains UAE Approval to Operate in UAE

[…] Circle also recognizes the UAE as a desirable legal jurisdiction in its strategy to expand its global operations. The firm recently made a rather unlikely move towards the end of 2024 whereby it became the first stablecoin issuer to comply with the EU’s Markets in Crypto Assets (MiCA) regulations. This outperformed other stablecoin issuers like Tether, with the USDT issuer even forced out of the market. […]