Wire · regulatory
MiCA Trap: 14 European Stablecoin Issuers Cut Off From Custodying Their Own Tokens
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Fusion42 · 13 August 2026 · Fusion42 review
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.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face blocked access to custodying your own stablecoins in Europe unless you secure a CASP license, forcing partnerships with third parties and ceding market for B2B services. This lockout hands Circle and Société Générale-Forge a multi-year lead in institutional stablecoin custody until regulators clear others.
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1 source · 13 Aug 2026
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