Europe’s regulated stablecoin ecosystem reached a new milestone with 17 licensed electronic money token issuers now approved under MiCA, representing 25 single-fiat stablecoins across 10 countries.
Most tokens are euro or dollar-denominated, while no asset-referenced tokens have been authorized despite forming a third of the framework.
MiCA requires strict backing, auditing, and reserve rules, aligning stablecoin issuers with EU e-money standards.
Circle’s Patrick Hansen noted the growing issuer base and expanding currency coverage, reinforcing Europe’s position as one of the world’s most structured stablecoin regulatory environments.
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