by Jake ClaverMiCA, EU crypto service providers, and stablecoin regulation: stablecoins doing real settlement work
MiCA, EU crypto service providers, and stablecoin regulation put stablecoins to work as settlement money. Every part of it traces back to a named, primary source.
The Settlement Layer
This material is about fiat-denominated value moving through the ecosystem, usually via issuance or settlement. Supporting material comes from the ESMA public statement PDF on MiCA transitional period ending and the EBA MiCA ART/EMT page. ESMA MiCA overview and transitional timeline states it directly:
> 1 Public Statement ESMA calls on unauthorised crypto-asset service providers to wind down orderly, while also safeguarding clients’ interests, as MiCA transitional period ends ESMA is issuing this statement to clarify expectations for how unauthorised cryptoasset service providers (CASPs) must wind down activities while also protecting investors after the end of the transitional period under the Markets in Crypto-Assets Regulation (MiCA) on 1 July 2026.1 While a number of CASPs will have obtained authorisation by…
What This Means For Market Infrastructure
What it changes for the broader institutional payments and tokenization stack: stablecoin activity can improve how useful a network is for payments and treasury operations.
One caveat for honest use: Avoid inflammatory “purge” language in final educational content.
From The Source
