Euro stablecoin market surges under MiCA
French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws came into force.
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French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws came into force.
The AMF is giving firms registered under its current DASP rules ample time to transition, too.
The German and U.S. governments make strategic moves with significant Bitcoin and Ethereum transfers, drawing market attention.
Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.
Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023. (Read More)
Coinbase announced that it will no longer offer rewards for USDC holders in the EEA effective December 1st due to the impending MiCA regulation. The exchange sent an email to its users on November 28 highlighting the effects of new regulations on stablecoins. In its statement, Coinbase explained that the move is a result of […]
The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.
XRP previously overtook USDt on Dec. 1 when it climbed past both Solana and Tethers stablecoin.
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