EU Set to Revise MiCA in 2027, With 97% of Stablecoins Now USD-Pegged

According to Euronews, the European Union is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook in 2027 to regulate non-EU stablecoin issuers, following U.S. President Donald Trump's promotion of dollar-backed tokens. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the framework.

The push reflects EU concern over the dominance of dollar-pegged stablecoins, which now account for approximately 97% of the global stablecoin market. Total stablecoin supply grew by over 50% in 2025, reaching about $317 billion by April, according to the Federal Reserve. The ECB has been a leading voice advocating for stricter regulations to protect euro monetary sovereignty.