Only 11 Stablecoin Issuers Secure Approval Under MiCA’s First 100 Days

The European Union’s Markets in Crypto-Assets (MiCA) framework is making progress, with its regulatory reach now impacting all 27 EU member states. This landmark legislation has established a single set of rules for exchanges, stablecoin issuers, and token platforms across the bloc. After 100 days since full implementation, only 11 stablecoin issuers have received approval to operate under the MiCA regime. 16 e-money tokens (EMTs) are now authorized, encompassing a mix of single fiat-currency backed stablecoins with a combined market value nearing $250 billion. Tether remains at the top of this list.