Europe is very strict when it comes to crypto. Every EU nation is agreeing on the fact that stablecoins and the crypto should be treated like security asset and not like FIAT. And they would be treated as such after the MiCA license. Circle inc which is the company that issues stablecoins on all the blockchains and the company that has the SEC approval so far. They have also secured the license in the EU for the stablecoins.

Two stabelcoins would be approved to work under EU nations : EURC and USDC. 

Jeremy has been breaking the news about this and we are getting the twitter update about it. And he explained the process and the whole thing about how the Circle had the issues of the stablecoins and compliance and how they achieved this feat in the times eventually. 

This goes to show that in near future the exchanges would be ditching the FDUSD and the USDC. Which goes to show that if the EU is open to the external crypto and the decentralization it would make it easier for people to get paid. Now things have changed over the years and a lot of blockages are cleared and hopefully this would change the international payments and cross border transfer. 

Here is an example of how people are going to benefit across the world. Be it in south korea, japan, USA and china, people are going to use these instead of relying on forex mafia. 

Now that we have achieved this using the decentralization. Let's hope the greedy people don't get to control the crypto narrative in near future. 

You can check out the Circle's EURC MiCA regulation post.