The post Europe declares war on stablecoin appeared on BitcoinEthereumNews.com.

The regolamentazione UE is pushing the giants of stablecoins towards the USA, leaving European users in a kind of digital limbo. The cryptocurrency ecosystem is going through a crucial phase in the regulatory process that could determine its future for the coming decades. At the center of this process are stablecoins, cryptocurrencies pegged to stable values like the dollar or the euro: an infrastructure now essential to the entire crypto market, with over 160 billion dollars in capitalization.  The regulatory approaches of the EU and the USA are in contrast: rigid the European one of MiCAR, more flexible the American GENIUS Act. A game that Europe seems to have already started to lose. The European regulatory wall: MiCAR and its rigidities With the entry into force of the MiCAR regulation, the impact on stablecoins in the European Union was immediate and disruptive: several exchanges announced the delisting of Tether (USDT), the largest stablecoin in the world, from their listings for European customers. “While users might still hold USDT, exchanging it directly for euros or using it on EU-compliant platforms is becoming difficult or impossible,” Brave New Coin reported, highlighting the practical effect of a regulation that, although created with protective intentions, is creating significant barriers for European investors. The MiCAR has divided stablecoins into two categories: E-Money Token (EMT), anchored to a single official currency, and Asset-Referenced Token (ART), linked to baskets of assets. The point is that for both, it has imposed such stringent requirements that many operators have fled the European market. “The EU is saying that if you want to use stablecoin to buy crypto and do DeFi things, go ahead. But if you want to use stablecoin to pay for goods and services like coffee or rent, then you must use stablecoin in Euro”, Ledger Insights…

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Filed under: News - @ June 1, 2025 7:19 am