#StablecoinLaw

The stablecoin law is rapidly evolving worldwide. In the European Union, the MiCA regulation (Markets in Crypto-Assets) is bringing clarity and consumer protection to the stablecoin market. MiCA requires stablecoin issuers to maintain net reserves equivalent to the circulating value and to be transparent about their operations. In the US, regulation is still under development, but significant changes are expected in 2025. In the UK, the Financial Conduct Authority (FCA) is working on rules for stablecoins, prioritizing financial stability ¹ ².

*Key points of the MiCA regulation:*

- *Mandatory reserve*: Issuers must maintain net reserves to ensure the stability of the stablecoin

- *Transparency*: Issuers must disclose information about their operations and reserves

- *Transaction limits*: Stablecoins with over €200 million in daily transactions may face additional requirements

- *Consumer protection*: Issuers must ensure the redemption of stablecoins at face value.