CoinVoice has recently learned that according to CoinDesk, as the EU’s strict rules on stablecoin issuers are about to take effect, major stablecoin issuers including Tether and Circle are facing urgent compliance pressure.
The new rules require issuers to be properly authorized when operating in the 27 member states after June 30 and to comply with strict limits on the number and value of transactions set in MiCA legislation. Under the law, companies must stop issuing medium-of-exchange asset-referenced stablecoins with more than 1 million daily transactions or more than 200 million euros in daily trading volume. Although the EBA has not yet clarified how to measure these indicators, it is expected to publish a final report soon. [Original link]
