EU's MiCA to Transform Stablecoin Market
Stablecoins, tied to fiat or commodities, stabilize crypto, offering security and quick transactions with minimal volatility
EU's MiCA Act aims to regulate stablecoins for clarity, security, and consumer protection in digital assets
MiCA categorizes stablecoins into regulated and unauthorized types, enforcing strict compliance on fiat-backed ones
Exchanges like Binance are preparing to comply with MiCA by limiting unauthorized stablecoins for EU users
Stablecoins offer swift cross-border payments, with Solana processing US$1.4 trillion in March alone
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