The MiCA “trap” is real.
14 EU stablecoin issuers can issue tokens... but legally can’t custody them for clients.
Only 9 out of 23 have full EMT + CASP licenses.
Result: Most EU stablecoins now need 3rd parties just to hold their own coins.
That’s not scale. That’s friction.
#MiCA
14 EU stablecoin issuers can issue tokens... but legally can’t custody them for clients.
Only 9 out of 23 have full EMT + CASP licenses.
Result: Most EU stablecoins now need 3rd parties just to hold their own coins.
That’s not scale. That’s friction.
#MiCA