Results of the New MiCA Enhancements

These requirements have already led to the fact that the cryptocurrency exchange Coinbase temporarily removed a number of popular stablecoins from its European platform on December 13, 2024, including USDT, DAI, PAX, PYUSD, GUSD, GYEN, DAI. The main reason for this was that they did not meet the MiCA standards. Only those tokens that have the appropriate certification will remain, such as USDC and EURC. Circle, the issuer of these stablecoins, has already stated that they comply with the new EU rules.

RLUSD from Ripple has not yet received approval, but the company is "actively exploring" ways it could legally enter the EU market.