MiCA-authorized stablecoin issuers: ESMA's register, live

ESMA's interim MiCA register lists 48 white papers for e-money tokens from 25 issuers in 14 countries, last updated 15 September 2026. Tether isn't on it.

Source: ESMA. Re-read daily.

One entry per issuer, with each white paper it has notified, as listed in ESMA's interim register file. Links go to the issuers' own sites.

What the register covers

Under MiCA, an e-money token is a stablecoin that references a single official currency. Its issuer has to be authorized as a credit institution or an e-money institution and notify a white paper to its national supervisor, which passes it to ESMA. ESMA lists these issuers and white papers in an interim register, a set of CSV files it updates weekly until the register moves into its own IT systems.

Each entry on this page is one issuer, with the supervisor that authorized it and every white paper it has notified. A white paper describes the token, its issuer, its reserve and the blockchains it runs on.

USDT and the register

No Tether entity appears on the register, so USDT isn't authorized under MiCA. In October 2026, ESMA told national regulators that MiCA-authorized providers should stop offering services related to stablecoins that aren't MiCA-compliant to EU clients, apart from winding down existing holdings. What that means for a company holding USDT is covered in is USDT MiCA compliant?, and the euro payout itself in USDT to EUR and USDC to EUR.

How to check a stablecoin

  • Find the issuer, not just the ticker. Tokens are listed by issuer and white paper, and anyone can create a token with a familiar name.
  • Open the white paper. It names the token, the issuer and the networks it's issued on. A token on a network the white paper doesn't cover may be a bridged version.
  • Ask your provider which authorization covers its service. A listed token says nothing about whether the exchange or payment company handling it for you is authorized.

Network fees and contract addresses for USDC and USDT are on the stablecoin fee tracker.

Common questions

Is USDC MiCA compliant?
Circle's USDC white paper is on ESMA's register, notified by Circle Internet Financial Europe SAS, an electronic money institution supervised by Autorité de Contrôle Prudentiel et de Resolution (ACPR) in France since 1 July 2024. So is its EURC white paper.
Is USDT MiCA compliant?
No Tether entity appears on ESMA's register of e-money token issuers, so USDT isn't authorized under MiCA. EU regulators are winding down services for stablecoins that aren't MiCA-compliant; Align's guide on cashing out USDT after MiCA covers what that means.
What is an e-money token?
MiCA's term for a stablecoin that references a single official currency, such as a dollar or euro stablecoin. Its issuer must be authorized as a credit institution or an e-money institution, and notify a white paper to its supervisor.
How often is the register updated?
ESMA says it publishes the latest version of the interim register at weekly intervals. This page reads ESMA's file at most once a day.

Sources

  1. ESMA, Interim MiCA register: issuers of e-money tokens (CSV)
  2. ESMA, Markets in Crypto-Assets Regulation (MiCA)
  3. ESMA, Supervisory expectations on services related to unauthorized stablecoins (8 October 2026)
  4. European Union, Regulation (EU) 2023/1114 (MiCA), Title IV (e-money tokens)

For information, not legal advice. The register is ESMA's; check it and the issuer's white paper before relying on a token's status. Align Payments Ltd. is registered with FINTRAC in Canada as a money services business and isn't authorized under MiCA.