Select what genuinely interests you. Your picks feed directly into our editorial planning. The European Securities and Markets Authority published an opinion on October 8, 2026 that denies authorised crypto service providers in the EU virtually every service involving stablecoins that do not comply with MiCA. The central case is Tether's USDT, the world's largest stablecoin with a market capitalisation of around $184 billion on October 8, 2026 according to CoinGecko, and still without authorisation as an e-money token in the European Union. National supervisors, BaFin in Germany, are to wind down the remaining holdings on the platforms, and to do so no later than three months after publication. That date is January 8, 2027.