MiCA Will Make or Break Euro-Pegged Stablecoins by 2026: DECTA

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German payments processor DECTA expects euro-pegged stablecoins to gain traction in payments and tokenized finance as MiCA takes full effect across the EU.

By Will Canny, AI Boost|Edited by Cheyenne Ligon

Dec 12, 2025, 2:12 p.m.

Stablecoin networks (Unsplash, modified by CoinDesk)

Euro stablecoins should benefit from MiCA’s full enforcement in 2026, creating a unified regime for reserves, supervision and operations, according to DECTA.
Growth will hinge on MiCA-authorized issuers scaling banking rails, institutional settlement use and consumer-facing payment channels.
The payments company expects non-compliant and synthetic euro tokens to give way to regulated stablecoins, though adoption will vary across EU member states.

German payments processor DECTA expects the euro-pegged stablecoin market to keep evolving through 2026 as Europe’s Markets in Crypto-Assets regulation (MiCA) comes fully into force, bringing common EU rules on reserves, issuer oversight and operational standards.

That regulatory baseline should make it easier to plug regulated euro stablecoins into payment systems, trading venues and tokenized financial infrastructure, DECTA said in a report earlier this month.

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According to the report, market growth over the next two years will depend on how quickly MiCA-authorized issuers build distribution channels and banking connections, how deeply financial institutions adopt stablecoin-based settlement for tokenized assets and programmable payments, and how strong consumer demand proves for euro-denominated digital assets across exchanges and payment apps.

The German payments company expects a steady shift away from non-compliant or synthetic euro tokens and toward fully regulated stablecoins as EU platforms adapt to MiCA.

Still, the firm anticipates uneven adoption between member states, driven by differences in consumer awareness, local digital-asset policy and market maturity.

By 2026, euro-pegged stablecoins should occupy a clearer, more regulated role in the EU’s digital-asset stack, DECTA said, under a framework designed to prioritize stability, transparency and predictable oversight.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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