Euro-backed stable currency

It is reported that the stable currency issuer Circle has applied for a French crypto asset license as part of its European growth strategy. “The Boston based company has applied to become a registered digital asset service provider and a licensed electronic currency institution, respectively,” Circle said in a statement. Successful registration will mean that Circle can provide its products to French customers and “onshore” its Euro supported stable currency, EUROC. Interpretation of this information: Circle, a stable currency issuer based in Boston, has applied for a French crypto asset…