Crypto Policy Talk With Circle's Dante Disparte and Stellar's Candace Kelly

The European Union’s Markets in Crypto-Assets (MiCA) regulation has established a new standard for stablecoin compliance, forcing exchanges to delist non-compliant assets. Circle’s USDC remains compliant by securing an e-money license in France, prioritizing transparency through monthly audits and strict reserve standards. While the United States currently lacks a unified regulatory framework, global jurisdictions are increasingly looking to the EU’s principled approach to harmonize rules and protect consumers. Beyond regulatory shifts, stablecoins serve as critical tools for financial inclusion, enabling aid delivery to displaced populations in Ukraine and providing economic access to remote communities in Colombia. As the industry matures, the focus is shifting from anti-establishment narratives toward a convergence with regulated finance, where stablecoins function as essential infrastructure for an internet-scale, machine-to-machine economy that operates without traditional banking holidays.