The first 100 days of MiCA regulation have seen only 11 stablecoin issuers receiving approval across the EU. This unified framework mandates compliance for all exchanges and token platforms.
Germany and Malta are at the forefront of stablecoin approvals under the MiCA framework, allowing for the issuance of e-money tokens (EMTs) and a common regulatory environment.
Currently, Tether dominates with a market cap nearing 145 billion USD, followed by Circle with over 60 billion USD, contributing to an overall stablecoin market approaching 250 billion USD.
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