Which stablecoins are authorized under MiCA?
Those from issuers authorized in the EU. Circle has issued USDC and EURC in the EU under a French e-money license since July 2024, and on 14 October 2026 the European Banking Authority classified USDC as a significant e-money token, which it will co-supervise from 12 November 2026. ESMA's interim register lists the authorized issuers and their tokens; check it for the current list.
From Is USDT MiCA compliant? What EU businesses holding USDT can do now, by Pavel Skalin. Updated .
The wider picture
The key points from the guide this answer comes from:
- USDT isn't authorized under MiCA: Tether hasn't applied, and USDT isn't on ESMA's register of authorized e-money token issuers.
- Since ESMA's opinion of 8 October 2026, EU providers are expected to stop USDT services for EU clients, keeping only liquidation, conversion, withdrawal, transfer or safekeeping, for a limited time.
- MiCA doesn't prohibit holding USDT: it regulates issuers and providers, not holders. Converting it is where the rules bite.
- Check what a provider is authorized to do for you before you send funds, and keep records of how you acquired and converted the USDT.
More questions on this
- Is it illegal to hold USDT in the EU?
- Can I still convert USDT on an EU exchange?
- Will my bank accept euros that came from selling USDT?
The full guide
USDT isn't authorized under MiCA, and since October 2026 EU providers are expected to wind down USDT services for EU clients. You can still hold it and move it to your own wallet. Converting it is where the rules bite, so check what a provider is authorized to do for you before you send funds.
Read Is USDT MiCA compliant? What EU businesses holding USDT can do now, with its sources.
General information, not legal, tax or financial advice. Rules and providers' terms change; check the sources in the guide and take advice on your own situation.