🇪🇺 MiCA Stablecoin Update: 17 Authorized Stablecoin (EMT) Issuers across the EU Almost 1.5 years into MiCA’s application for stablecoins, Europe’s stablecoin (EMT) ecosystem continues to grow and mature — with more licensed issuers, more currencies, and wider geographic coverage. 🌍 📊 Current snapshot (November 2025): → 17 authorized EMT issuers → From 10 EU countries: 🇫🇷 (3), 🇩🇪 (1), 🇲🇹 (2), 🇳🇱 (2), 🇫🇮 (1), 🇩🇰 (1), 🇨🇿 (1), 🇱🇹 (2), 🇱🇺 (2), 🇵🇱 (1) → 25 authorized EMTs (single fiat-backed stablecoins): • 14 EUR-denominated 💶 • 9 USD-denominated 💵 • 1 CZK-denominated 🇨🇿 • 1 GBP-denominated 🇬🇧 Interestingly, there are still zero (!) authorized Asset-Referenced Tokens (ARTs) under MiCA. ARTs — stablecoins backed by baskets of currencies/assets or single non-currency assets (e.g. gold) — account for roughly one-third of the MiCA framework (Titles III & IV), yet have seen no market uptake so far. At @circle, 1.5 years after MiCA’s entry into force, we’re proud to issue Europe’s largest regulated EUR and USD stablecoins — setting the benchmark for trusted onchain e-money in the EU.(Patrick Hansen)