- MartyParty forecasts an upcoming stablecoin rally following the implementation of the MiCA stablecoin laws.
- According to MartyParty, the EU banks, institutions, and stablecoin issuers would start minting Euro-backed stablecoins in July.
- Payment giants like Stripe, PayPal (NASDAQ:PYPL), and Visa strive to embrace the evolving stablecoin market.
MartyParty, a prominent figure in the crypto space, predicted a potential stablecoin explosion following the implementation of the phenomenal MiCA stablecoin rules. In his latest X post, MartyParty reiterated the entry of $30 to $100 trillion funds into the stablecoin ecosystem, with the European Union leading and the United States following.
Stable Coin Explosion about to startThe MiCA provisions on stablecoins will come into force on 30 June 2024 and the whole regulation will come into force on 31 December 2024.
EU banks, institutions, and current stable coin issuers will start to mint trillions of Euro backed… pic.twitter.com/jaxcFP7dFa
— MartyParty (@martypartymusic) June 22, 2024
Reportedly, the new Markets in Crypto-Assets (MiCA) framework will be effective from June 30, 2024, across the European Economic Area. According …
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