Wire · regulatory
MiCA Compliant Stablecoins Lead EU Market Regulation
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Fusion42 · 29 July 2026 · Fusion42 review
Only three of the top 50 global stablecoins (USDC, USDG, and EURC) are currently compliant with the EU's Markets in Crypto-Assets (MiCA) regulation. This indicates a significant structural gap between the global stablecoin market and Europe's new regulatory framework, with all currently compliant major tokens linked to the issuer Circle.
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◆ ◆ The Wire takeaway
The EU just handed the compliant stablecoin market to a single company. If your product serves European customers, you now depend on Circle's rails to operate.
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