Opinion: MiCA brings clarity, but stablecoin restrictions need improvement
Odaily2024/07/03 23:51
By:Odaily
Odaily News Jason Allegrante, chief legal and compliance officer of Fireblocks, wrote that the EUs Crypto Asset
Market Regulation (MiCA), which will be implemented this summer, is an important milestone for the crypto industry. While MiCA wisely excludes decentralized smart contracts and NFTs, there are problems with the issuance and trading restrictions on stablecoins such as USDT, USDC, and BUSD. The current limit is 1 million transactions or 200 million euros, which is far from enough to support the current level of activity. The total market value of global stablecoins is $162 billion, of which 75% is USDT, USDC, and BUSD. These EU restrictions could lead to major disruptions in the crypto ecosystem, especially in non-speculative use cases.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Announcement on Bitget listing CSCOUSDT, PEPUSDT, ACNUSDT STOCK Index perpetual futures
Bitget Announcement•2025/11/10 10:53
Stock Futures Rush: Trade popular stock futures and share $250,000 in equivalent TSLA tokenized shares. Each user can get up to $8,000 TSLA.
Bitget Announcement•2025/11/10 08:00
Bitget margin trading to support BGB cross margin trading and loans
Bitget Announcement•2025/11/10 04:00
Bitget margin trading to support BGB cross margin trading and loans
Bitget Announcement•2025/11/10 04:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$106,216.27
+3.92%
Ethereum
ETH
$3,612.46
+5.41%
Tether USDt
USDT
$0.9998
-0.01%
XRP
XRP
$2.54
+11.90%
BNB
BNB
$999.93
+1.01%
Solana
SOL
$168.34
+5.81%
USDC
USDC
$0.9997
-0.01%
TRON
TRX
$0.2942
+1.56%
Dogecoin
DOGE
$0.1834
+4.66%
Cardano
ADA
$0.5965
+6.02%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now