Stablecoins across the G7: How these nations shape regulation
G7 nations are introducing stablecoin rules, from Japan’s pioneering framework to the US GENIUS Act and Europe’s MiCA, reshaping the future of digital money.
Group of Seven (G7) regulators are moving on stablecoins, with the US enacting its new law, the European Union enforcing Markets in Crypto-Assets (MiCA) regulation and Japan already running a live regime.
So far, the market has been dominated by dollar-pegged tokens such as Tether’s USDt (USDT) and Circle’s USDC (USDC). Regulation is now catching up with the technology, and countries are beginning to allow stablecoins tied to their own currencies.
The G7’s drive to regulate is part of a wider contest over digital money, while BRICS nations are sidestepping private stablecoins in favor of state-issued digital currencies aimed at challenging dollar dominance.