2 min read

Jun 19, 2025

MiCA Regulated Stablecoins: Updated List

TL;DR

  • MiCA (Markets in Crypto-Assets Regulation) is the EU’s regulatory framework for stablecoins, requiring transparency, asset backing, and authorized issuance.

  • The regulation aims to ensure stability, protect consumers, and reduce financial risks in the European digital asset market.

  • Several stablecoins, including USDC, EURC, EURe, EURCV, and EUROe, are MiCAR-compliant as of 2025.

  • MiCAR-compliant stablecoins must meet strict audit, reserve, and governance requirements to be legally issued in the EU.

  • This regulatory clarity aims to boost trust and adoption of stablecoins in the European financial ecosystem.

MiCAR Compliant Stablecoins in 2025

  1. USDC (Circle)

  2. EURC (Circle)

  3. EURI (Banking Circle)

  4. EURe (Monireum) 

  5. EURCV (SG Forge)

  6. EURD (Quantoz Payments) 

  7. EUROe (Membrane Finance)

  8. eUSD (Membrane Finance)

  9. EURQ (Quantoz Payments) 

  10. USDQ (Quantoz Payments)

  11. EURØP (Schuman Financial)

  12. EURR (Stablr) 

  13. USDR (Stablr) 

  14. USD1 (Crypto.com & 1S1C)

  15. ENEUR (Fiat Republic)

  16. EURSM (Stable Mint) 

FAQs

Are stablecoins regulated?

Stablecoins are not universally regulated across all jurisdictions, but many countries are working on establishing frameworks. Regulations typically focus on ensuring transparency, backing assets, and preventing risks such as money laundering. Some regions, like the EU, are taking steps to regulate stablecoins through new legislation like MiCA.

What are MiCA-regulated stablecoins?

MiCA (Markets in Crypto-Assets Regulation) is a European Union regulation that seeks to bring stablecoins under specific regulatory standards. Stablecoins that are MiCA-regulated must meet strict transparency, reserve backing, and governance criteria. They must be issued by authorized entities and undergo periodic audits to ensure stability and compliance with EU laws.

Which stablecoins are regulated under MiCAR?

All the stablecoins listed, including USDC, EURC, EURI, EURe, EURCV, EURD, EUROe, eUSD, EURQ, USDQ, EURØP, EURR, USDR, USD1, ENEUR, and EURSM, are regulated under the MiCA framework. This ensures they comply with stringent regulatory standards, including transparency, reserve backing, and governance, within the EU

Additional Resources

Disclaimer

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Ivy GmbH or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Disclaimer

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Ivy GmbH or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Disclaimer

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Ivy GmbH or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Disclaimer

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Ivy GmbH or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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