Stablecoin Rules in 2026: How the EU, US, and UK Diverge
Three frameworks, one peg, and the design choices that will decide who issues where
MiCA, the GENIUS Act, and the UK's incoming FCA regime all demand 1:1 reserves and par redemption, but they split on interest, algorithmic designs, foreign-currency caps, and timing. The data suggests issuers face not one global rulebook but three philosophies arriving on a staggered clock between 2024 and October 2027.