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Analyst Predicts a Stablecoin Explosion Following the MiCA Stablecoin Framework

Published 06/23/2024, 11:30 PM
Updated 06/24/2024, 12:15 AM
Analyst Predicts a Stablecoin Explosion Following the MiCA Stablecoin Framework

  • 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.

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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