European Bank Consortium Secures License for Euro Stablecoin
Euro stablecoin license: Key Wallis, uniting 7 major banks, gets approval from the Dutch Central Bank. Learn how this move shapes Europe’s on-chain finance.
Euro stablecoin license: Key Wallis, uniting 7 major banks, gets approval from the Dutch Central Bank. Learn how this move shapes Europe’s on-chain finance.
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Nine European banks have launched a euro stablecoin regulated under the EU’s MiCA framework, creating a trusted digital payment standard.
The MiCA law introduces new requirements for stablecoin issuers and crypto exchanges in the EU, including mandatory licensing and USDT delisting.
In 2024, USDC trading volume soared to $23 billion following the MiCA regulation. USDC emerged as the main beneficiary of increased demand for compliant stablecoins.