Authorised stablecoin issuers
MiCA calls a stablecoin pegged to one official currency an e-money token (EMT) and one pegged to a basket of assets an asset-referenced token (ART). Issuing either in the EU requires authorisation — EMTs may only be issued by banks or electronic money institutions. 25 issuers with 45 notified tokens are in the register.
- AIEU Services Limited S.A.🇱🇺 Luxembourgissuer
- AllUnity GmbH🇩🇪 Germanyissuer
- AplauzAplauz NL B.V.🇳🇱 Netherlandsissuer
- Banking CircleBanking Circle S.A.🇱🇺 Luxembourgissuer
- BISON BANK, S.A.🇵🇹 Portugalissuer
- BLUE EMI LTUAB BLUE EMI LT🇱🇹 Lithuaniaissuer
- Bridge Building S.A.🇱🇺 Luxembourgissuer
- CACEIS BANKCACEIS BANK SA🇫🇷 Franceissuer
- Circle Internet Financial Europe SAS🇫🇷 Franceissuer
- DinaroDINARO company for electronic money issuing and payment services Ltd.🇸🇮 Sloveniaissuer
- EurodollarEurodollar ApS🇩🇰 Denmarkissuer
- Fiat RepublicFiat Republic Netherlands🇳🇱 Netherlandsissuer
- GR8.moneySIA GR8 PAY🇱🇻 Latviaissuer
- MoneriumMonerium ehf🇮🇸 Icelandissuer
- NewrailsNewrails, UAB🇱🇹 Lithuaniaissuer
- Oddo BHFOddo BHF SCA🇫🇷 Franceissuer
- OuiTrustHEURO SAS🇫🇷 Franceissuer
- Paxos EUPaxos Issuance Europe Oy🇫🇮 Finlandissuer
- Quantoz PaymentsQuantoz Payments B.V🇳🇱 Netherlandsissuer
- SALVUS🇫🇷 Franceissuer
- Société Générale - Forge🇫🇷 Franceissuer
- StaBillonStaBillon sp. z o.o.🇵🇱 Polandissuer
- Stable LabsPayment Corporation SE🇨🇿 Czechiaissuer
- Stable mintStable mint Ltd🇲🇹 Maltaissuer
- StablR Ltd🇲🇹 Maltaissuer
What this means for the stablecoins you use
Since MiCA's stablecoin rules applied on 30 June 2024, exchanges in the EU have had to delist tokens whose issuer is not authorised — which is why USDT is no longer offered to EU clients by many platforms while euro- and dollar-pegged tokens from authorised issuers are. An authorised issuer must hold reserves, give holders a redemption right at par and publish a white paper approved by its regulator.
The register shows the issuer and its white papers. It does not tell you how the token trades or how the reserves are invested; for that, read the white paper linked on the issuer's page.