EU Approves Ten Stablecoin Issuers

The European Union (EU) has approved ten stablecoin issuers under the Markets in Crypto-Assets (MiCA) regulations. This marks a key step in the bloc’s approach to cryptocurrency regulation. However, the absence of Tether (USDT), the largest stablecoin by market capitalization, has raised concerns about regulatory priorities and the potential consequences for the digital asset market.