EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

The RTS published lays out the “requirements, templates and procedures complaints received by issuers” of what MiCA defines as asset reference tokens (ARTs). Unlike stablecoins that are pegged to the value of one currency like the euro or U.S. dollar, ARTs – such as Libra (later Diem), proposed by Meta a few years ago – can reference several of them or other assets like cryptocurrencies.