The EU adopted MiCA to regulate the crypto market. Circle, a USDC issuer, became the first to achieve compliance status. However, restrictions on the use of stablecoins not pegged to the euro could reduce liquidity and stifle innovation. MiCA does not solve the problems of interoperability and crypto-fiat payments, which could lead to market fragmentation. 🚨

Read more: KYC and AML in MiCA rules: how will crypto change in 2025?