Europe’s ambitious new regulatory framework for crypto assets, the Markets in Crypto Assets (MiCA) regulation, took effect on July 1, marking a new era for digital finance across the European Union. The implementation has already brought dramatic changes, as regulated crypto exchanges quickly began delisting Tether’s USDT stablecoin from their platforms. Amid this shakeup, Circle has emerged as a standout player, swiftly filling the gap with its own compliant stablecoin offerings.