Over 50 crypto firms have obtained MiCA licenses, allowing them to offer services across the European Economic Area without individual country approvals.
14 firms, including Circle and Crypto.com, are authorized to issue stablecoins and e-money tokens, with offerings pegged to various currencies.
Tether, the issuer of USDT, has not aligned with MiCA requirements, leading to delistings within the EU.
MiCA's impact extends to crypto trading platforms, with 39 companies approved, positioning the EU as a regulatory leader in the global crypto space.