EU Plans MiCA Revision to Include Non-EU Stablecoin Issuers

EU moves to amend MiCA rules, allowing non-EU stablecoin issuers like Tether market entry. Revisions also target tokenized payments, addressing regulatory gaps identified by industry leaders.

Woofun AI reports that the European Union intends to revise the MiCA framework to permit market entry for stablecoin issuers located outside the bloc, such as Tether. This decision is accelerated by the U.S. GENIUS Act and the Trump administration's supportive stance on stablecoins. Patrick Hansen, Circle Internet Group's head of EU policy, previously highlighted significant regulatory gaps in the current regime that leave users unprotected or disconnected from services. The EU is also considering expanding the scope to include tokenized payments and deposits. An EU diplomat stated it is "now inevitable to revisit this document," noting that provisions approved in May 2023 have fallen behind industry realities.