Euro-Pegged Stablecoin Market Anticipated to Transform with MiCA Implementation

According to Odaily, German payment processor DECTA forecasts a pivotal shift in the euro-pegged stablecoin market as the European Markets in Crypto-Assets Regulation (MiCA) is set to be fully implemented by 2026. MiCA aims to establish a unified framework for reserves, regulation, and operational standards, potentially enhancing the use of euro stablecoins in payment systems, trading platforms, and tokenized financial infrastructure. The market's growth will depend on the speed at which MiCA-authorized issuers develop distribution channels and banking connections, as well as the level of adoption by institutions and consumers.