According to Wu, Circle announced that its MiCA-compliant, 100% reserve-backed euro stablecoin EURC has reached a circulation of 300 million euros. Circle stated that as global demand for reliable euro stablecoins rises, EURC is being used in scenarios like real-time settlement and cross-border business. Stablecoins are becoming part of the digital economy infrastructure, described as 'transparent, trustworthy, and scalable.'