What MiCA Really Means for Stablecoins in Europe

Elvis impersonators (Perry Knotts/Getty Images)

Currently, three European companies — Monerium, Membrane and Quantoz Payments — are issuing on-chain fiat stablecoins under the electronic money directive, following a regulation-first approach. Other issuers, including Circle, are in the process of applying for an EMI license that would bring them into compliance.

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