What are non-euro-backed stablecoins?

Tokens like USDT and USDC pegged to the US dollar, not euros — dominant in trading but risky for EU monetary control.

How will Bank of France changes affect MiCA?

Expect tighter rules on reserves, redemptions, and issuance limits, potentially sidelining dollar stables unless they euro-peg.

Can I still use USDT in Europe after MiCA updates?

Maybe smaller amounts, but big players? Likely restricted — check your exchange for compliance.

🔗 Crypto & Blockchain

Bank of France's War on Dollar Stablecoins: Europe's Next Regulatory Purge?

Ever wonder why Europe's central bankers can't stomach a stablecoin not printed in euros? The Bank of France is leading the charge to clamp down on dollar-pegged tokens under MiCA.

theAIcatchup Apr 10, 2026 4 min read

Bank of France headquarters overlaid with euro symbol and chained stablecoin icons

⚡ Key Takeaways

Bank of France demands MiCA overhaul to curb non-euro stablecoins like USDT. 𝕏
Risks cited: dollar dependency, financial instability in crises. 𝕏
Prediction: Boost for euro-backed alternatives, echoing Libra's regulatory demise. 𝕏

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theAIcatchup

Markets. Money. Innovation.

#Bank of France #EU crypto rules #MiCA regulation #stablecoins

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Originally reported by PYMNTS

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