EU and EEA, under MiCA
229providers joined the MiCA register in 2026 to 31 October
145in 2025
255075
Dec 2024Jun 2025Dec 2025Jun 2026Oct 2026
75 in June 2026, the last month before the transition to MiCA ended on 1 July 2026.
Anvesan Research · November 2026
The State of Global Stablecoin Licensing
A practical guide to stablecoin licensing across major regions: the US, Europe, MENA, and LatAm. Understand the required licences, regulators, capital requirements, fees and key dates, all in one place.
Developed in consultation with lawyers and regulatory advisors from more than 10 countries.
Inside the report
Licensing Landscape
United Arab Emirates
27202120222023202420252026
* 22 hold approval in principle in Dubai. Firms in Dubai's DIFC are not counted.
El Salvador
32202120222023202420252026
United Kingdom
10202120222023202420252026
Argentina
12202120222023202420252026
Firms on each register on 31 October 2026, by the year each was first licensed for crypto.
MiCA Licensing Landscape
379 MiCA providers
151passport into no other EEA country
85passport into some other EEA countries
143passport into all 29 other EEA countries
By home country
Germany
93
10
8
111France
4
22
10
36Netherlands
5
6
17
28Cyprus
4
19
24Malta
5
17
23Spain
8
6
16Luxembourg
13
13Austria
6
5
12Czechia
6
4
12Ireland
3
9
12Latvia
3
9
12Liechtenstein
4
6
12No other EEA countrySome other EEA countriesAll 29 other EEA countries
93 of Germany's 111 providers passport into no other EEA country. 70 of those 93 are banks.
15 more home countries hold 68 providers.
Austria
178providers from other EEA countries can serve it
12licensed there
Liechtenstein
156providers from other EEA countries can serve it
12licensed there
Malta
159providers from other EEA countries can serve it
23licensed there
No EEA country has fewer than 156 from abroad.
US Federal Charters Landscape
companies have filed with the Office of the Comptroller of the Currency (OCC) for a national charter to run a digital-asset or stablecoin business
charters granted
- Anchorage DigitalJan 2021
- BitGoDec 2025
- Fidelity Digital AssetsDec 2025
- PaxosDec 2025
- Erebor BankFeb 2026
- CircleJul 2026
- RippleOct 2026
approved or conditionally approved, not yet granted
- NubankJan 2026
- BridgeFeb 2026
- ProtegoFeb 2026
- Crypto.comFeb 2026
- CoinbaseApr 2026
- AugustusMay 2026
- Laser DigitalMay 2026
- Morgan Stanley Digital TrustJun 2026
- Connectia TrustJul 2026
- World Liberty Trust CompanyAug 2026
- OpenReserve BankSep 2026
- RevolutSep 2026
- AgoraSep 2026
- BastionSep 2026
- Catena LabsSep 2026
awaiting a decision
- PAYO Digital BankFeb 2026
- EDX TrustMar 2026
- Lorum National Trust BankMar 2026
- KrakenMay 2026
- CBW BankJun 2026
- Dakota National Trust BankJul 2026
- Zero HashAug 2026
- Builders Bank & TrustSep 2026
- Gurufin National Trust BankSep 2026
- Modern Treasury National Trust BankOct 2026
- RainOct 2026
- RampOct 2026
Charter filings on the OCC's digital-asset index, and other trust charter filings by crypto or stablecoin businesses.
Anvesan Atlas, official registers to 31 October 2026.
Countries
Europe
- Austria
- Liechtenstein
- Malta
- Ukraine
Latin America
- Argentina
- Brazil
- El Salvador
MENA
- Israel
- United Arab Emirates
- Nigeria
- United Kingdom
- United States
The Anvesan Legal Network
Europe
Latin America
MENA
United States
