Key Highlights
- 4, 2026 at 9:00 am UTC 5 min read Updated: Jan.
- 3, 2026 at 7:21 pm UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- The euro finally has a substantial stablecoin market, and for once, it's not just a niche corner of DeFi.
- When MiCA’s stablecoin rules kicked in June 2024, they turned euro-pegged stablecoins into a regulated product category with paperwork, reserve rules, and an actual licensing lane. Under MiCA, stablecoins that reference a single fiat currency sit in the “e-money token” bucket, while tokens tied to a basket fall under “asset-referenced tokens.” This means that if an issuer and an exchange want to keep a euro stablecoin available to EU users, the compliance burden is now explicit, and it shows up in listings, disclosures, and what gets routed where. A year and a half later, it's easy to find the headline number.
