At Rand, we are thrilled to share a major milestone with our users in Europe that marks a significant new chapter for our platform. With the recent approval of EURC as a euro-backed stablecoin under the Markets in Crypto-Assets (MiCA) regulation, we have decided to transition funds from USDC to EURC, the first regulated euro stablecoin in the European market.

Until now, Rand managed the currency conversion between euros (EUR) and USDC, covering exchange rate variations to allow our users to operate seamlessly. However, the arrival of EURC, issued by Circle Internet Financial, enables us to simplify this process, aligning us even further with the European financial ecosystem.

This change not only enhances transparency but also strengthens our position in the European market by operating with the backing of a stablecoin that meets the EU's highest regulatory standards.

What does this mean for you?

The transition from USDC to EURC will be entirely automatic, with no action needed from you. Starting October 22, your balances and transactions on the Rand platform will reflect EURC instead of USDC:

Deposits and withdrawals will continue to work as before, with no changes to timelines or methods.

Your transactions will remain stable and secure, now with the added advantage of a euro-denominated stablecoin regulated under the MiCA framework.

MiCA: The regulation that secures the future of crypto-assets in Europe

The MiCA regulation is the next major step toward harmonizing crypto-asset laws within the European Union.

Expected to take effect in 2025, MiCA aims to provide a unified regulatory framework encompassing crypto-asset issuers, exchange platforms, and stablecoins.

This new regulatory environment ensures that Rand and other platforms operating in the European crypto market can offer their users greater security and transparency.

At Rand, we are always committed to operating under EU regulatory standards to provide our users with the confidence and security they deserve.

This step toward EURC is just the beginning of new features and products we’re preparing for you on our platform. We remain dedicated to our goal of helping you build long-term wealth in a stable and secure way.

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