Patrick Hansen
Patrick Hansen|Jan 06, 2026 11:39
๐Ÿ‡ช๐Ÿ‡บ ๐๐ž๐ฐ ๐˜๐ž๐š๐ซ ๐Œ๐ข๐‚๐€ ๐’๐ญ๐š๐›๐ฅ๐ž๐œ๐จ๐ข๐ง ๐”๐ฉ๐๐š๐ญ๐ž: ๐’๐ญ๐ข๐ฅ๐ฅ 17 ๐€๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ณ๐ž๐ ๐’๐ญ๐š๐›๐ฅ๐ž๐œ๐จ๐ข๐ง (๐„๐Œ๐“) ๐ˆ๐ฌ๐ฌ๐ฎ๐ž๐ซ๐ฌ Over 1.5 years into MiCAโ€™s application for stablecoins, this is the current snapshot (January 2026): โ†’ 17 authorized EMT issuers โ†’ From 10 EU countries: ๐Ÿ‡ซ๐Ÿ‡ท (4), ๐Ÿ‡ฉ๐Ÿ‡ช (1), ๐Ÿ‡ฒ๐Ÿ‡น (2), ๐Ÿ‡ณ๐Ÿ‡ฑ (2), ๐Ÿ‡ซ๐Ÿ‡ฎ (1), ๐Ÿ‡ฉ๐Ÿ‡ฐ (1), ๐Ÿ‡จ๐Ÿ‡ฟ (1), ๐Ÿ‡ฑ๐Ÿ‡น (2), ๐Ÿ‡ฑ๐Ÿ‡บ (2), ๐Ÿ‡ต๐Ÿ‡ฑ (1) โ†’ 25 authorized EMTs (single fiat-backed stablecoins): โ€ข 14 EUR-denominated ๐Ÿ’ถ โ€ข 9 USD-denominated ๐Ÿ’ต โ€ข 1 CZK-denominated ๐Ÿ‡จ๐Ÿ‡ฟ โ€ข 1 GBP-denominated ๐Ÿ‡ฌ๐Ÿ‡ง 2 Interesting facts: Update on Alipay/Ant International: They have launched the "Bettr Settlement Token" under the ticker BREUR. However, this token will only be issued to Ant International's approved affiliates. It is not going to be issued to the public, or tradeable on public exchanges or other secondary markets, according to their white paper. ART Update: there are still zero (!) authorized Asset-Referenced Tokens (ARTs) under MiCA. ARTs โ€” stablecoins backed by baskets of currencies/assets or single non-currency assets (e.g. gold) โ€” account for roughly one-third of the MiCA framework (Titles III & IV), yet have seen no market uptake so far. Clearly interpretations regarding whether a gold-backed token would constitute an ART under MiCA or a financial instrument under MiFID diverge amongst member states.(Patrick Hansen)
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