Stablecoin laws aren’t aligned — and big fish benefit
Stablecoin laws are popping up all over the globe, but their differences could spell trouble for cross-border crypto projects.
Stablecoins have been regulated in different ways across the globe, raising concerns about their viability and possibly putting up barriers for newcomers.
Europe’s framework, Markets in Crypto-Assets (MiCA), varies significantly from the US’s GENIUS Act. Both are distinct from Hong Kong’s own stablecoin rules, which were finalized just two weeks ago.
These three regulatory frameworks have provided clear standards for stablecoins. Reserve requirements, issuer licensing and permit schemes now have cut-and-dry conditions, which have undoubtedly made it easier for stablecoins to flourish.
