As of June 25, 2025, at 14:28 EEST, the European Union is preparing to implement updated stablecoin regulation rules under MiCA (Markets in Crypto-Assets). These measures, approved by the European Parliament, require stablecoin issuers, such as Tether and $USDC , to hold reserves in high-quality assets and ensure transparency of operations. The new rules will come into effect on July 1, 2025, despite concerns from the European Central Bank (ECB), which warns of risks to financial stability.
The ECB is concerned that stablecoins could undermine control over the money supply and lead to capital outflows from traditional banks. In contrast, the European Commission emphasizes that regulation will protect investors and promote innovation. Issuing companies will have 12 months to adapt, otherwise they face fines of up to 10% of annual revenue.
Experts predict that these rules could increase trust in stablecoins in the EU, although some market players are considering moving operations to jurisdictions with softer controls. Analysts also note that this could impact competition with Bitcoin and altcoins.
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