As part of the new cryptocurrency asset regulations (MiCA), the European Union officially approved 15 stablecoins, ten pegged to the euro and five to the U.S. dollar.
As of February 20, 2025, ten companies are authorized to issue stablecoins within the EU under MiCA. The announcement was made by Patrick Hansen, Senior Director of EU Strategy & Policy at Circle.
According to Patrick, the approved issuers and assets include:
- Banking Circle (EURI).
- Circle (EURC, USDC).
- Crypto.com & 1S1C (USD1).
- Fiat Republic (ENEUR).
- Membrane Finance (EURe, eUSD).
- Quantoz Payments (EURD, EURQ, USDQ).
- Schuman Financial (EURØP).
- SG Forge (EURCV).
- StablR (EURR, USDR).
- Stable Mint (EURSM).
Tether, the USDT issuer (the largest stablecoin by market capitalization), is absent from the list, with its regulatory status in Europe still unclear.
Besides, 11 licensed crypto-asset service providers (CASP) are listed, including BitStaete, Crypto.com, Hidden Road, MoonPay, OKX, ZBX, Zebedee, as well as two entities each from Bitpanda and Boerse Stuttgart Group.
The MiCA regulation officially came into effect on December 30, 2024. Following this, the European Securities and Markets Authority (ESMA) urged crypto service providers to restrict the purchase of non-compliant stablecoins.
