Circle Secures First Approval Under Canada’s New Stablecoin Regulations

Circle, the issuer of USDC, has become the first stablecoin provider to comply with Canada’s new Value-Referenced Crypto Asset (VRCA) regulations.

Approved by the Ontario Securities Commission (OSC) and Canadian Securities Administrators (CSA), this ensures USDC can remain available on registered Canadian crypto platforms.

The move highlights Circle’s commitment to regulatory compliance and transparency, positioning USDC as a trusted stablecoin in Canada.

Circle CEO Jeremy Allaire noted that the achievement cements USDC as the most regulated stablecoin in the country, with ongoing discussions to enhance cross-border payment efficiency.

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Globally, Circle has secured key regulatory approvals, including compliance with the EU’s MiCA framework and licensing in Singapore.

Its integration with Robinhood Crypto EU has further expanded USDC’s reach to millions of European users, reflecting its ambition to lead in stablecoin regulation worldwide.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.