Topic
mica
3 stories
Revolut's euro stablecoin goes live with 374 tokens in circulation
Revolut has begun issuing a euro stablecoin, EURR, to selected customers in Denmark, Poland and Portugal, though the token is legally issued by Stripe-owned Bridge and just 374 units are in circulation.
AscendEX shuts down, warns users may not get their crypto back
Crypto exchange AscendEX ceased operations on July 1 and told users it cannot guarantee they will recover their full balances, citing MiCA non-authorization, a failed liquidity deal, and near-empty hot wallets flagged by on-chain investigators.
UK regulator proposes halving stablecoin capital buffer to 1%, below EU's MiCA
The UK's FCA proposed halving stablecoin issuers' capital buffer to 1% of coins in circulation, below the EU's 2% MiCA rule, days after the Bank of England dropped its planned holding cap.