🚀 Big news for DeFi & Web 3 lovers! The EU's MiCA act is gearing up to drop its technical standards before year-end! 🎉

1️⃣ MiCA will set the rules for stablecoin issuers like Tether & Circle to operate in the EU. Think authorization, stress testing, and transaction value estimation. 📊

2️⃣ The European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) are behind these 15 standards, now awaiting the European Commission's nod. 🏛️

3️⃣ Once approved, the rules will be scrutinized by the European Parliament and Council, translated, and published in the official journal. 📜

Feeling bullish? 🐂 Drop your thoughts below! ⬇️