Can MiCA drive the revival of euro stablecoins?
Regulatory clarity could revive euro stablecoins, eroding the dollar’s dominance.

Regulatory clarity could revive euro stablecoins, eroding the dollar’s dominance.
The Thala token dropped 35% to $0.51 after the hack but has rebounded to $0.6116. Despite recovering the funds, farming functions remain suspended for security.
The European Crypto-Asset Market Regulation (MiCA), which came into effect at the end of June, is profoundly changing the euro stablecoin market landscape.
The European Union (EU) is currently working on a new set of regulations, stating that it would create a more transparent and secure environment for investors. The arrival of MiCA would inevitably anger many investors, who believe that the regulation is the violation of the DeFi nature of crypto. But there are also others like Binance CEO Changpeng welcoming the change. So what is all this buzz about?
Stablecoin, MiCA, Europe's MiCA is finally here. How will the United States respond? Golden Finance, Under the new EU rules, stablecoins will be classified as electronic currency tokens.
It will implement MiCA in December 2025, six months ahead of the deadline.
ESMA seeks feedback on MiCA regulations focusing on sustainability and transparency.
Originally proposed in 2020, MiCA will likely only be effected in 2024.
The Markets in Crypto-Assets framework stands to get in the way of Circle's Euro Coin and other digital assets. Policymakers should revise the proposal.
Developers have suggested changing Solana’s current data transfer protocol UDP to QUIC, stake-weighted transaction processing and a fee-based transaction priority.