TechFlow news, on February 20, according to Cointelegraph, ten institutions in the European Union have been approved to issue stablecoins under the Markets in Crypto-Assets Regulation (MiCA) framework.
The approved institutions include Banking Circle, Circle, Crypto.com, Fiat Republic, Membrane Finance, Quantoz Payments, Schuman Financial, Société Générale, StabIR, and Stable Mint. These institutions have collectively issued 10 euro-pegged stablecoins and 5 U.S. dollar-pegged stablecoins.
Notably, Tether, the issuer of USDT—the world's largest stablecoin by market capitalization—is not among the approved entities. Previously, several cryptocurrency platforms began delisting USD-denominated stablecoins such as USDT for EU users due to non-compliance with MiCA requirements.
