XION, a layer 1 blockchain, announced it has achieved a significant milestone by becoming the first mainnet platform to comply with the European Union's MiCA regulations. The blockchain is backed by Circle and Multicoin, and it focuses on bridging web2 and web3 technologies.

The announcement of this achievement was made through a press release shared with crypto.news. This development highlights XION's commitment to aligning with regulatory standards and enhancing its operational scope.