In accordance with MetaEra, on October 11 (UTC+8), the European Commission stated that the existing MiCA regulatory framework is sufficient to address stablecoin risks without major revisions. Previously, the European Central Bank (ECB) had called for additional safeguards for 'multi-issuance' stablecoin models to mitigate potential risks to financial stability. A commission spokesperson emphasized that MiCA provides a 'robust and proportionate' regulatory foundation and that clarifying guidance will be issued as soon as possible. JPMorgan analysts noted that approximately 99% of stablecoins are currently pegged to the U.S. dollar, and their expansion may further increase global demand for the dollar. (Source: Reuters)
EU Commission Says MiCA Framework Sufficient to Address Stablecoin Risks
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