Key Mica requirements addressing US dollar backed stablecoins dominance in EU

Collection item

MiCA requires stablecoin issuers to register with supervisory authorities within EU

MiCA requires “significant” stablecoins to be supervised by the European Banking Authority (EBA)

MiCA requires to have and to hold in several EU banks 30% of reserves in cash for stablecoin issuers and 60% of reserves in cash for significant e-money tokens

MiCA states that non-euro backed stablecoins are subject to volume caps of €200 million per day or 1 million transactions when used as a means of exchange

Data source type

Collection data source

Filter

{"where":{"AND":[{"attribute":"Jfmby78N4BCseZinBmdVov","is":"KeG9eTM8NUYFMAjnsvF4Dg"}]}}