The EU's Markets in Crypto-Assets (MiCA) regulation has authorized 14 stablecoin issuers under its framework, with 20 e-money tokens (EMTs) currently live in 7 EU countries.
Authorized EMT issuers span across various countries including Germany, Lithuania, France, Denmark, Finland, Netherlands, Czech Republic, and Malta.
Additionally, 39 Crypto-Asset Service Providers (CASPs) have been approved in 9 EU/EEA countries, comprising traditional finance institutions, fintech companies, and crypto exchanges.
There is a lack of authorized asset-referenced token (ART) issuers currently, with around 30 whitepapers filed for assets like BTC and ETH, and several CASPs flagged as non-compliant.