Bitget Contract Market Update
Bitget2024/07/02 05:03
By:Bitget
Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules
Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the
Markets in Crypto Assets (MiCA) regulatory framework.
The license gives the company, whose USDC trails behind rival
Tether's market-leading USDT, pole position in grabbing market share among the 27-nation trading bloc's 450 million people.
Stablecoins are a key piece of infrastructure in the digital asset market, facilitating trading on exchanges and, increasingly, used for transactions and remittances. Circle's $32 billion USDC is the second-largest stablecoin and the gap to market leader Tether's $110 billion USDT has been widening. Armed with a license from the French banking regulatory authority, Circle Mint France will “onshore” the issuance of its euro-denominated EURC stablecoin to the EU and issue USDC from the same entity, the company said.
Source: CoinDesk
Futures Market Updates
Bitcoin prices neither shoot up as expected nor fell too low, causing liquidations on both sides.
Bitcoin Futures Updates
Total BTC Open Interest: $32.83B (-0.32%)
BTC Volume (24H): $36.87B (-14.62%)
BTC Liquidations (24H): $10.47M (Long)/$12.95M (Short)
Long/Short Ratio: 49.86%/50.14%
Funding Rate: 0.0033%
Ether Futures Updates
Total ETH Open Interest: $15.08B (-0.79%)
ETH Volume (24H): $14.85B (-7.75%)
ETH Liquidations (24H): $13.03M (Long)/$7.19M(M(Short)
Long/Short Ratio: 48.46%/51.54%
Funding Rate: 0.0073%
Top 3 OI Surges
1000APU: $2.33M (+133.39%)
ZEN: $13.33M (+131.35%)
BAL: $12.25M (+112.72%)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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