🔔 Crypto Alert! The European Union's new stablecoin rules are set to take effect on June 30, putting major issuers like Tether and Circle under strict regulations. The Markets in Crypto Assets (MiCA) legislation will limit stablecoins to 1 million daily transactions for goods or services, both on- and off-chain. Non-EU, euro-denominated stablecoins exceeding a certain threshold will need to cease issuance and usage. This could impact the operation of major stablecoin issuers in the EU. The rules aim to safeguard the monetary system, but some argue they effectively ban large stablecoin issuers. What's your take on this? Share your thoughts below! 👇