![What MiCA Really Means for Stablecoins in Europe What MiCA Really Means for Stablecoins in Europe](https://digitallifegaming.com/wp-content/uploads/2024/02/2BYDSAU7QZDILEYUDAL4OSJPNQ-768x402.jpg)
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Currently, three European companies — Monerium, Membrane and Quantoz Payments — are issuing on-chain fiat stablecoins under the electronic money directive, following a regulation-first approach. Other issuers, including Circle, are in the process of applying for an EMI license that would bring them into compliance.
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