MiCA requires “significant” stablecoins to be supervised by the European Banking Authority (EBA)
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Significant asset-referenced and e-money tokens will fall under close EU supervision, which will be carried out by the EBA. This will encourage greater confidence and reduce the likelihood of market turbulence.
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Key Mica requirements addressing US dollar backed stablecoins dominance in EU
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Key MiCa requirements for stablecoin
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