Search result of EMD

Within the MiCA Stablecoin regulatory framework, EMT (Electronic Money Token) is tied to a single fiat currency and governed by electronic money payment rules. In contrast, ART (Asset-Referenced Token) is backed by a basket of assets and is subject to more stringent capital and systemic risk management requirements. The two differ structurally in issuance qualifications, reserve composition, redemption rights, and the criteria for significant token recognition.