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MiCA Pushes Banks Into Stablecoin Access as USDT Faces Platform Risk

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MiCA's post-July 1 phase is turning authorization into a distribution filter for stablecoins and crypto products in Europe. ESMA's June 23 statement told unauthorized crypto-asset service providers to stop onboarding new EU clients. CACEIS said Crédit Agricole launched EURXT on July 1 as a MiCA-compliant euro electronic money token. WuBlockchain reported that Revolut is phasing out USDT support for European users under a staged timetable.
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