Core Viewpoint - Europe's existing crypto regulations already include safeguards against risks associated with stablecoins, despite warnings from the European Central Bank (ECB) regarding potential threats to financial stability [1]. Group 1: Regulatory Concerns - The ECB and the European Systemic Risk Board (ESRB) have called for a ban on the "multi-issuance" model, which allows global stablecoin firms to treat EU-issued tokens as interchangeable with those issued outside the EU [2]. - The ESRB highlighted that a rush by non-EU holders to redeem EU-issued tokens could exacerbate financial instability within the bloc [2]. - The European Banking Authority (EBA) acknowledged the risks related to massive redemption requests but noted that the severity of these risks depends on the stablecoin's business model and scale [2][3]. Group 2: Safeguards and Supervision - The EBA emphasized the need for necessary safeguards following the Markets in Crypto-Assets (MiCA) regulation to mitigate risks associated with stablecoins [3]. - Issuers of stablecoins are required to maintain liquid assets to meet potential redemption requests, which should be effective on a global scale [4]. - The EBA will directly supervise significant stablecoins, while national regulators will oversee MiCA-licensed entities [5]. Group 3: Market Dynamics - Stablecoins currently represent a small segment of the financial system but are experiencing rapid growth, particularly driven by Tether based in El Salvador [5]. - Circle's USDC, the largest EU-regulated stablecoin utilizing the multi-issuance model, has $75 billion in tokens in circulation [5]. - Concerns have been raised by national regulators regarding the potential inability to transfer reserves from the U.S. to Europe to fulfill redemption requests [6].

Regulatory Framework - MiCA is setting a global benchmark as the first unified framework for crypto-assets [1] - The industry is learning from the DLT pilot regime and how it should evolve [1]

Zerohash Europe has become one of the latest firms to secure authorization under the European Union’s landmark Markets in Crypto-Assets Regulation (MiCA) framework, winning approval from the Dutch Authority for the Financial Markets (AFM). The license allows Zerohash to provide regulated crypto-asset and stablecoin infrastructure services across the entire European Economic Area (EEA), a milestone that positions the company among the first fully compliant service providers under Europe’s unified rulebook ...

🇪🇺 LATEST: Blockchain. com secures MiCA license from Malta's MFSA, allowing it to provide custody and wallet services across 30 European countries. https://t.co/m4VH7h8UiZ ...

Core Insights - Revolut has obtained a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer regulated crypto services across all 30 countries in the European Economic Area (EEA) [1] - The company serves over 65 million customers globally, emphasizing its compliance-first approach to crypto [1] - Revolut plans to launch "Crypto 2.0," featuring over 280 tokens, zero-fee staking with rewards up to 22% annual yield, and direct 1:1 stablecoin-to-USD conversions with no spread [2] - The MiCA regulation is reshaping operations for exchanges and wallet providers in the EU, with Revolut's Cyprus base acting as a hub for its EEA crypto operations [3] - The CEO of Revolut Digital Assets Europe highlighted that securing the license reflects CySEC's trust in the company's regulatory standards and provides clarity for delivering next-generation crypto products [4]

Regulatory Scrutiny - France's ACPR is strengthening anti-money laundering (AML) controls on cryptocurrency exchanges as part of its Markets in Crypto-Assets (MiCA) vetting process [1] - Binance and Coinhouse are among the cryptocurrency firms currently under review by French regulators [1]

Group 1: Core Insights - ODDO BHF has launched EUROD, a euro-backed stablecoin, marking a significant step for traditional banks into regulated blockchain finance [1][2] - The token will be listed on Bit2Me, a Madrid-based exchange, which is authorized under the EU's MiCA regulation, allowing it to operate across the EU [2][3] - EUROD is issued on the Polygon network, ensuring faster and cheaper transactions, and is fully backed by euro reserves with external audits [3] Group 2: Regulatory Framework - The MiCA regulation requires stablecoin issuers to maintain one-to-one reserves and guarantees for redemption, promoting governance and transparency [4] - The rollout of EUROD will serve as a test for the effectiveness of MiCA in harmonizing digital asset oversight across the EU [4] Group 3: Market Context - Euro-pegged stablecoins have seen a doubling in market cap this year, with Circle's EURC leading at approximately $270 million [6] - Despite warnings from ECB officials about the risks of foreign stablecoins, the clarity provided by MiCA is fostering competition among European banks to issue compliant stablecoins [7][8]

Stablecoin Launch - ODDO BHF, a French banking giant, has launched its first euro-backed stablecoin [1] - The stablecoin, EUROD, is exclusively on Polygon [1] - EUROD is issued in compliance with the European MiCA [1] Regulatory Compliance & Listing - EUROD is compliant with European MiCA regulations [1] - EUROD is listed on Bit2me [1] Technology & Efficiency - Institutions are choosing Polygon for onchain efficiency [1]

Event Information - ESAs Consumer Protection Day is scheduled for November 5, 2025 in Riga [2] - The event focuses on consumer protection [2] Key Topics - Simplification of the customer journey will be discussed [2] - Fraud and scams in the digital era are key concerns [2] - Discussions will include crypto investments and MiCA (Markets in Crypto-Assets regulation) [2]

🇪🇺 LATEST: Nine European banks will launch a MiCA-compliant euro stablecoin, targeting a 2026 debut. https://t.co/3YPDteO5UL ...