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MiCA Boosts EUR-Stablecoin Utilization, Will It Cast A Shadow On USD-Backed Coins?

MiCA, the regulatory framework by the European Union (EU), is boosting the utilization and adoption of EUR-backed stablecoins, challenging the dominance traditionally held by USD-backed coins. Notably, the regulatory initiative, MiCA, covers various aspects of crypto-assets, including transparency, authorization, and supervision of transactions.

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