🔍 **MiCA Regulation Impacts the Stablecoin Market in the EU**

- The EU's MiCA regulation, effective from June 2024, requires stablecoin issuers to hold an Electronic Money Institution (EMI) license. This has led major exchanges like Binance and Coinbase to restrict non-compliant stablecoins in the EEA.

- Only Circle with its USD Coin (USDC) and EURC has complied with MiCA, allowing them to operate in the region. In contrast, Tether (USDT) and DAI from MakerDAO do not comply, limiting their use.

- While the market faces restrictions, optimism about Bitcoin persists, highlighting its potential in a changing regulatory environment.