Analysis: The MiCA regulation will determine the fate of euro stablecoins in 2026

German payment processor DECTA expects that with the full implementation of the European Markets in Crypto-Assets Regulation (MiCA) in 2026, the euro-pegged stablecoin market will reach a critical turning point.

MiCA will establish a unified framework for reserves, regulation, and operational standards, which is expected to promote the use of euro stablecoins in payment systems, trading platforms, and tokenized financial infrastructure. Market growth will depend on the speed at which MiCA-authorized issuers establish distribution channels and bank connections, as well as the level of adoption by institutions and consumers.