Decrypt reported that the European Union (EU) is preparing to amend MiCA to regulate overseas stablecoin issuers in response to the United States' support for dollar-pegged stablecoins. The MiCA law was fully implemented on July 1st, and the revision work is expected to begin in 2027. Currently, the MiCA law cannot directly regulate stablecoin issuers that circulate within Europe but have their headquarters abroad. The European Central Bank (ECB) and others have also warned that dollar-pegged stablecoins could infringe on the monetary sovereignty of the euro. The EU Commission plans to gather industry feedback until September 30th and then decide whether to officially revise the law.
