MiCA Trap: 14 European Stablecoin Issuers Cut Off From Custodying Their Own Tokens

The MiCA regulation restricts 14 out of 23 European stablecoin issuers from custodying their own tokens for corporate clients, forcing reliance on third-party CASP-licensed platforms and limiting their commercial offerings in the B2B market. This situation grants issuers like Circle and Société Générale-Forge a competitive long-term advantage for institutional capital in Europe until others complete the authorization process.

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