Circle to Support “Responsible” French and European Innovation via Membership in Adan

Circle, a global financial technology firm and the issuer of USDC and EURC, has recently announced that it has joined Adan.

Adan, an association bringing together professionals in the digital asset and blockchain sector throughout France and Europe, reportedly has “over 200 member companies and is the largest grouping of Web3 players in France and Europe.”

Coralie Billmann, Managing Director, Circle France said:

“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. We are proud to join Adan as a logical next step that aligns with our vision and regulatory first approach for doing business.”

Faustine Fleuret, President at Adan said:

“We are delighted to welcome a leader like Circle as a member of 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).”

As covered, Jeremy Allaire, the CEO and Founder at stablecoin issuer Circle, says he’s more bullish than he has ever been about crypto.

As Allaire noted via social media, public blockchain infrastructure has “evolved into its 3rd generation, providing global scale network computers that can handle large scale applications with trusted data, transactions and compute.”

Allaire added that his mental model for blockchain networks has always been “network operating systems.”

According to the Circle founder, this is “one of the most important things to help people understand what’s happening with this new infrastructure layer on the internet.”

As mentioned in a social media update, the way that most “important people” (e.g. MSM, policymakers, people running big financial institutions) filter the concept of “blockchain” is typically hyper narrow – it’s a technology for “cryptocurrency”, which is “mostly bad and useless”, and even as a technology its never been proven “to be useful for anything other than constructing online casinos and proliferating scams.”

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