EU To Revise MiCA By 2027, Expanding To Foreign Stablecoin Issuers
The European Union plans to revisit its Markets in Crypto-Assets (MiCA) framework in 2027 to include non-EU stablecoin issuers and adapt to market changes sparked by U.S. policies, according to Euronews. This push follows U.S. President Donald Trump's advocacy for dollar-backed stablecoins, which dominate the market.
The European Union (EU) is set to open discussions on revising its Markets in Crypto-Assets (MiCA) regulation, likely in 2027. EU diplomats suggest this revision aims to cover non-EU stablecoin issuers that currently operate in Europe without direct oversight. This move responds to increasing concerns over dollar-backed stablecoins, significantly popularized by U.S. President Donald Trump and the GENIUS Act aimed at stabilizing the framework for such assets.
As of now, MiCA only regulates stablecoin issuance from within the EU, failing to account for the influence of foreign issuers in European markets. A diplomat noted, "Reopening the file seems unavoidable at this stage," indicating the urgency for the EU to adapt its regulations in light of evolving global standards.
The regulation gap exists because stablecoins, which are digital tokens pegged to fiat currencies like the U.S. dollar, evade traditional banking regulations. This makes it difficult for EU regulators to implement meaningful oversight, especially since a single stablecoin can have multiple issuers across various jurisdictions.
In addition to covering foreign issuers, the upcoming review of MiCA is also expected to expand its scope to encompass emerging technologies, including tokenized payments and deposits, which regulators anticipate will gain traction in the near future.
The decision to revise MiCA aligns with broader discussions in the U.S., where the federal framework for dollar-pegged stablecoins has been structured in response to increasing market volumes. Data from the Federal Reserve indicates that stablecoin supply grew over 50% in 2025, reaching approximately $317 billion by April, raising alarms among EU officials about the potential influx of these tokens into European markets.
Summary based on original reporting by Decrypt Agent at Decrypt, originally published Jul 9, 2026. SolanaWire does not republish source content.
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