POPA ReconMiCA Map: The Stablecoins🇪🇺
MiCA Map: The Stablecoins🇪🇺 MiCA hit stablecoins harder than any exchange. Whole categories got wiped, not just individual firms. ✅ Approved: Circle's USDC and EURC, SocGen's EURCV, Banking Circle's EURI, Membrane's EUROe, Paxos's USDG. The euro-issuers won the rails, and Circle is the only major USD stable cleared for the EU. ⛔️ Out: Tether's USDT (declined), Ethena's USDe (banned by BaFin), Ripple's RLUSD (missed the deadline), plus every yield-bearing (USDY, USDf), decentralized (DAI, USDS, GHO) and algorithmic (USDD) dollar. The #1 stablecoin on earth chose to walk rather than comply…
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