10 companies approved to issue stablecoins under MiCA

Ten companies have been issued stablecoin issuance licenses within the EU since the enforcement of the Markets in Crypto Assets (MiCA) regulation. According to Cointelegraph, the companies include Circle, Crypto.com, Fiat Republic, Membrane Finance, Quantoz Payments, Schuman Financial, Societe Generale, StableR and Stable Mint. The publication explained that Tether, the issuer of the world’s largest stablecoin, USDT, is not among the approved companies. USDT has a market capitalization of $141 billion.