Circle said stablecoins that do not comply with MiCA regulations will "disappear" from the European Union market in the short to medium term. Circle on Monday became the first global stablecoin issuer to be licensed in the European Union. With the launch of the European Union Crypto Asset Market (MiCA) regulation, Patrick Hansen, director of European Union strategy and policy at Circle, and Dante Disparte, chief strategy officer, expect a "transformative" year ahead for the European crypto market.