---
title: "11. Regulatory Trends:Countries are enacting laws to regulate stablecoin issuance. The future of sta"
description: "11. Regulatory Trends:Countries are enacting laws to regulate stablecoin issuance. The future of stablecoin issuance is destined to be a licensed business. Europe has MICA, Hong Kong has just legislat"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/30419553.md"
published_at: "2025-06-06T03:56:00.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# 11. Regulatory Trends:Countries are enacting laws to regulate stablecoin issuance. The future of sta

**11\. Regulatory Trends:**

Countries are enacting laws to regulate stablecoin issuance. The future of stablecoin issuance is destined to be a licensed business. Europe has MICA, Hong Kong has just legislated, and the U.S. has also recently passed laws. The essence of legislation is to seize the pricing power of stablecoins.

**1) Legislative Intent:**

a. Issuers must have sufficient asset backing to prevent empty coins;

b. Standardize anti-money laundering;

c. Meet audit requirements;

d. The essence of legislation: competing for stablecoin pricing power.

**2) Country-Specific Situations**

**2.1. Emerging Markets' Demand for Stablecoins:**

a. Primarily due to local currency depreciation and foreign exchange controls, providing a way to purchase dollar-denominated assets.

b. Cross-border remittances: High fees for Mexicans sending money home, while digital currencies offer lower costs.

c. Cases like Russia: Cryptocurrencies can bypass the SWIFT system, and stablecoins could disrupt the traditional nation-based monetary system once widely adopted.

**2.2. U.S. Legislative Motivations:**

a. The core motive is to consolidate the dollar's dominance, a process likened to establishing a Bretton Woods system for the digital economy.

b. Addressing U.S. Treasury demand; Tether is likely the seventh-largest buyer of U.S. Treasuries globally.

**2.3. European Legislative Push:**

The MICA bill requires digital asset service providers to obtain licenses by the end of 2024. Institutions like Binance issue compliant euro stablecoins (100% euro-backed). However, MICA has only approved 20 companies to issue stablecoins so far.

$Coinbase(COIN.US) $Robinhood(HOOD.US) $Circle(CRCL.US) $Digital currency concept(CP00079.US)

### Related Stocks

- [CRCL.US - Circle](https://longbridge.com/en/quote/CRCL.US.md)
- [CP00079.US - Digital currency concept](https://longbridge.com/en/quote/CP00079.US.md)
- [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md)
- [HOOD.US - Robinhood](https://longbridge.com/en/quote/HOOD.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.