🇪🇺EU Sets a Hard Deadline for Non-Compliant Stablecoins
ESMA just told MiCA-licensed crypto firms to stop serving EU clients with stablecoins that aren't MiCA-compliant. Any remaining exposure has to be cleared by Jan 8, 2027 at the latest The rule covers trading, exchange, custody, transfers, advice and portfolio management. Only temporary, closely supervised exit services (selling, converting, withdrawing) are allowed. Compliant coins like $USDC stand to gain, while $USDT users in the EU are watching their options
Will this reshape EU stablecoin market share?
#MiCA #Stablecoins #CryptoRegulation
ESMA just told MiCA-licensed crypto firms to stop serving EU clients with stablecoins that aren't MiCA-compliant. Any remaining exposure has to be cleared by Jan 8, 2027 at the latest The rule covers trading, exchange, custody, transfers, advice and portfolio management. Only temporary, closely supervised exit services (selling, converting, withdrawing) are allowed. Compliant coins like $USDC stand to gain, while $USDT users in the EU are watching their options
Will this reshape EU stablecoin market share?
#MiCA #Stablecoins #CryptoRegulation