The European Union is considering extending the MiCA regulation to Stablecoin issuers outside the EU as part of the "MiCA 2.0" concept. The European Commission is holding consultations with stakeholders before 30 September. The impetus for the initiative was the US Genius Act on stablecoins, which required clarification of the status of US issuers in the EU. The inclusion of rules for tokenized payments and deposits in MiCA is also under consideration.

95% of the stablecoins are listed in USD; the Trump administration is positioning them as a tool to strengthen the dollar in international transactions. In parallel, ESMA has announced a review of the operational resilience of crypto service providers (CASPs) associated with treasury storage: the assessment will cover key management systems, management structures, transaction control, incident response and reliance on external providers (July 2026 - H1 2027).

On 1 July, the MiCA licensing requirement came into force: crypto companies serving users from 27 EU countries must obtain CASP status from a member state regulator.