The European Union has officially begun a review of its crypto-asset regulation regime (MiCA), which came into force three years ago. The consultations, informally called 'MiCA 2.0,' are expected to close around September 2026.

What is MiCA and why is it being reviewed?

MiCA (Markets in Crypto-Assets) is the world's first comprehensive crypto law, adopted in 2023. It set rules for stablecoin issuers, crypto exchanges, and other service providers. However, the market has evolved over three years, introducing new risks and prompting clarifications.

How does this affect USDT users?

Stablecoins like USDT are a key part of the crypto economy. Under MiCA, special requirements apply to issuers of 'asset-referenced tokens' (ARTs), which includes USDT. The review may affect:

  • Reserve and liquidity requirements
  • Disclosure rules
  • Restrictions on payment use

Practical implications for VirtCardPay users

For users of virtual cards and crypto payments, tracking MiCA 2.0 is important because regulation may impact USDT availability in European services. While consultations are open, no immediate changes are expected, but future rules could tighten stablecoin requirements.

Which networks matter?

When using USDT in Europe (and beyond), users should consider network differences:

  • TRC-20 (Tron): low fees, high speed, popular for transfers.
  • ERC-20 (Ethereum): higher security but more expensive and slower.

If future regulations affect issuers, it could impact USDT liquidity across networks, so choosing the right network for your needs is crucial.

VirtCardPay's take

Regulatory changes are a natural part of crypto market evolution. We will continue to monitor MiCA 2.0 and keep you informed about how it may affect USDT and other stablecoins. No urgent action is required until consultations conclude.

Disclaimer: This material is for informational purposes only and does not constitute financial advice. Cryptocurrencies and stablecoins carry market risks.

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Sources

This material is for informational purposes only and is not financial advice. Data and service terms may change, so check primary sources before making a payment or investment decision. Mentions of third-party brands and services do not imply official partnership, support, or endorsement by VirtCardPay.
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