EU Approves 10 Companies for Stablecoin Issuance After MiCA Implementation, Excluding Tether
Summary
- The European Union announced that it has approved 10 companies for stablecoin issuance after implementing MiCA.
- The notable exclusion of Tether from this approval list has drawn attention.
- The exclusion of Tether could potentially impact its position in the EU market.
The European Union (EU) has approved 10 companies for stablecoin issuance following the implementation of MiCA (Markets in Crypto-Assets Regulation), notably excluding Tether (USDT) from the list.
According to CoinTelegraph on the 20th (local time), the companies granted stablecoin issuance licenses under MiCA include ▲Banking Circle ▲Circle ▲Crypto.Com ▲Fiat Republic ▲Membrane Finance ▲Quantoz Payments ▲Schuman Financial ▲Societe Generale ▲StabIR ▲Stable Mint, totaling 10 companies.
Regarding Tether's exclusion from the list, the media outlet assessed that "Despite having the largest market share, Tether was omitted from the EU's approval list. This appears to be related to MiCA's strict regulatory requirements and may affect Tether's position in the EU market going forward."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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