Currently, three European companies — Monerium, Membrane and Quantoz Payments — are issuing on-chain fiat stablecoins under the electronic money directive, following a regulation-first approach. Other issuers, including Circle, are in the process of applying for an EMI license that would bring them into compliance.

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• Source: https://www.coindesk.com/consensus-magazine/2024/02/06/the-big-misunderstanding-what-mica-really-means-for-stablecoins-in-europe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines