BIG Crypto News: EU Approves 14 Stablecoin Issuers Under MiCA
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MiCA in Full Swing: 6-Month Milestone
Europe's Markets in Crypto-Assets (MiCA) regulation is already reshaping the crypto industry across the continent. With 6 months of application for Crypto-Asset Service Providers (CASPs) and 12 months for e-money token (EMT) issuers, we now have a clearer picture of the compliant players in the European market.
Let’s break down the key highlights from the latest July snapshot.
14 MiCA-Authorized Stablecoin Issuers
Fourteen companies have officially received authorization to issue e-money tokens under MiCA — Europe’s regulated version of fiat-backed stablecoins. These come from 7 EU countries:
- 🇫🇷 France (3)
- 🇩🇪 Germany (1)
- 🇲🇹 Malta (3)
- 🇳🇱 Netherlands (3)
- 🇨🇿 Czech Republic (1)
- 🇫🇮 Finland (1)
- 🇱🇹 Lithuania (1)
🔹 A total of 20 EMTs are now live under MiCA:
- 12 are euro-denominated (e.g., EURC, EURAU, EURI, etc.)
- 7 are dollar-denominated (e.g., USDC, USD1, USDG)
- 1 is Czech koruna-denominated (CZKI)
Here’s the full list of authorized EMT issuers:
| Company | Country | EMTs Issued |
|---|---|---|
| AllUnity | 🇩🇪 Germany | EURAU |
| Ambr Payments | 🇱🇹 Lithuania | – |
| Banking Circle | 🇱🇺 Luxembourg | EURI |
| Circle | 🇫🇷 France | EURC, USDC |
| Crypto.com / 1S1C | 🇲🇹 Malta | USD1 |
| Eurodollar ApS | 🇩🇰 Denmark | – |
| Fiat Republic | 🇳🇱 Netherlands | ENEUR |
| Membrane Finance / Paxos | 🇫🇮 Finland | EURe, eUSD, USDG |
| Payment Corporation SE | 🇨🇿 Czech Republic | CZKI |
| Quantoz Payments | 🇳🇱 Netherlands | EURD, EURQ, USDQ |
| Schuman Financial | 🇫🇷 France | EURØP |
| Société Générale – Forge | 🇫🇷 France | EURCV, USDCV |
| StablR Ltd | 🇲🇹 Malta | EURR, USDR |
| Stable Mint | 🇲🇹 Malta | EURSM, USDSM |
39 Licensed Crypto-Asset Service Providers (CASPs)
MiCA has also greenlit 39 CASPs across 9 countries in the EU/EEA:
- 🇩🇪 Germany (12)
- 🇳🇱 Netherlands (11)
- 🇲🇹 Malta (5)
- 🇫🇷 France (3)
- 🇱🇺 Luxembourg (3)
- 🇦🇹 Austria (2)
- 🇨🇾 Cyprus (1)
- 🇪🇸 Spain (1)
- 🇮🇪 Ireland (1)
These companies range from traditional finance giants to fintech disruptors and crypto-native exchanges:
TradFi examples:
- BBVA
- Clearstream
- CACEIS
Fintech examples:
- N26
- Trade Republic
- eToro
- Robinhood
Crypto-native examples:
- Coinbase
- Kraken
- Bitpanda
- OKX
- Bitstamp
Other Insights and Trends
- Still 0 authorized ART issuers (asset-referenced tokens), signaling minimal current demand.
- ~30 whitepapers have been filed under MiCA Title II, mostly for assets like BTC and ETH.
- Transition periods have ended in 🇳🇱 Netherlands, 🇵🇱 Poland, 🇭🇺 Hungary, 🇱🇻 Latvia, 🇸🇮 Slovenia, 🇫🇮 Finland, with Dutch AFM taking the lead in license issuance.
- 35+ CASPs have been flagged as non-compliant, mostly by Italian regulator CONSOB.
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