The European Union's Markets in Crypto-Assets Regulation (MiCA) has been fully enforced since January 2026, introducing a comprehensive framework for regulating crypto-assets. The regulation sets out strict rules for stablecoin issuers, including tiered capital requirements, higher minimums for core infrastructure, and issuer documentation requirements.
In contrast, the US has introduced federal stablecoin requirements through the GENIUS Act, which establishes requirements such as 1:1 fiat backing, redemption rights, and independent verification. The SEC and CFTC have also clarified jurisdictional boundaries, classifying major cryptocurrencies as digital commodities.