DevHacker Noonabout 5 hours ago
Europe Regulated Out of Stablecoin Market
4 min read
Euro stablecoins hold $912 million market cap, less than 0.3% of the $316 billion dollar stablecoin market. MiCA rules require 60% bank deposits for large issuers, which Tether cited when discontinuing its euro token in 2024. The ECB rejected easing reserve requirements, favoring a digital euro expected after 2027.
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