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EU MiCA authorization status and U.S. GENIUS Act implementation-watch signals across assessed stablecoins — sourced to public registers, regulator notices, and issuer disclosures.
How To Read Status
MiCA authorized means the issuer holds an in-effect EMI or credit-institution authorization listed on a competent-authority register. Pending, transitional, non-compliant, and out-of-scope retain the existing MiCA editorial meanings.
GENIUS rows are not compliance approvals. They track source-backed public posture such as issuer-announced intent, regulator-sourced applications, or future PPSI approvals once the regime is operational.
GENIUS Regime State
Source: OCC Bulletin 2026-3. Pair this with Screener and Safety Scores for the non-legal risk picture.
It maps assessed stablecoins to public, sourced regulatory facts. MiCA rows cover EU authorization status, EMT/ART token type, competent authority, issuer entity, and register references. GENIUS rows are implementation-watch signals while the U.S. regime is pre-effective.
The GENIUS Act is enacted, but the general regime is not yet effective. Pharos keeps GENIUS rows in an implementation-watch section until the Act is effective or official regulator approvals can be displayed without implying current compliance.
An e-money token (EMT) references a single official currency. An asset-referenced token (ART) references a basket or other value, such as a multi-currency mix or a commodity. ARTs are rare in the tracked set.
No. The tracker is an informational surface with sourced links, not legal advice. Statuses are editorial assignments against public registers, regulator notices, and issuer disclosures, and may lag real-world authorizations or restrictions.
GENIUS effective-date state: proposed rules · reviewed 2026-05-27
Authorization Table
Active, assessed stablecoins only. Frozen and pre-launch assets are excluded from the main table.
| Coin | Regime | Status | Pathway / Type | Authority | Issuer Entity | Reserve Disclosure | Sources |
|---|---|---|---|---|---|---|---|
 CHFAUAllUnity CHF | MiCA | Authorized | EMTEMI authorization | BaFin | AllUnity GmbH | - | |
 EURAUAllUnity EUR | MiCA | Authorized | EMTEMI authorization | BaFin | AllUnity GmbH | - | |
 EURCEURC | MiCA | Authorized | EMTEMI authorization | ACPR | Circle Internet Financial Europe SAS | - | |
 EURCVEUR CoinVertible | MiCA | Authorized | EMTEMI authorization | ACPR | Societe Generale-FORGE | - | |
 EUREMonerium EUR emoney | MiCA | Authorized | EMTEMI authorization | Central Bank of Iceland | Monerium EMI ehf | - | |
 EURIEurite | MiCA | Authorized | EMTCredit institution | CSSF | Banking Circle S.A. | - | |
 EUROPSchuman EUROP | MiCA | Authorized | EMTEMI authorization | ACPR | SALVUS | - | |
 EURQQuantoz EURQ | MiCA | Authorized | EMTEMI authorization | DNB | Quantoz Payments B.V. | - | |
 EURRStablR Euro | MiCA | Authorized | EMTEMI authorization | MFSA | StablR Ltd | - | |
 USDCUSD Coin | MiCA | Authorized | EMTEMI authorization | ACPR | Circle Internet Financial Europe SAS | - | |
 USDCVUSD CoinVertible | MiCA | Authorized | EMTEMI authorization | ACPR | Societe Generale-FORGE | - | |
 USDGGlobal Dollar | MiCA | Authorized | EMTEMI authorization | FIN-FSA | Paxos Issuance Europe Oy | - | |
 USDQQuantoz USDQ | MiCA | Authorized | EMTEMI authorization | DNB | Quantoz Payments B.V. | - | |
 USDRStablR USD | MiCA | Authorized | EMTEMI authorization | MFSA | StablR Ltd | - | |
 USDMMoneta | MiCA | Pending | EMTEMI authorization | Finanstilsynet | Norwegian Block Exchange AS (NBX) | - | |
 AEURAnchored Coins AEUR | MiCA | Non-Compliant | EMT | - | - | - | |
 EURSStasis Euro | MiCA | Non-Compliant | EMT | MFSA | STSS (Malta) Limited | - | |
 GUSDGemini Dollar | MiCA | Non-Compliant | EMT | - | - | - | |
 USDTTether | MiCA | Non-Compliant | EMT | - | - | - | |
 VCHFVNX Swiss Franc | MiCA | Non-Compliant | EMT | FMA Liechtenstein | VNX Commodities AG | - | |
 VEURVNX EURO | MiCA | Non-Compliant | EMT | FMA Liechtenstein | VNX Commodities AG | - | |
 VGBPVNX British Pound | MiCA | Non-Compliant | EMT | FMA Liechtenstein | VNX Commodities AG | - | |
 VNXAUVNX Gold | MiCA | Non-Compliant | ART | FMA Liechtenstein | VNX Commodities AG | - | |
 EUROTEuro Token | MiCA | Out of Scope | EMT | - | - | - |
GENIUS Implementation Watch
Source-backed signals before the Act is generally effective; these rows are not compliance determinations.
| Coin | Regime | Status | Pathway / Type | Authority | Issuer Entity | Reserve Disclosure | Sources |
|---|---|---|---|---|---|---|---|
 USATTether USA-T | GENIUS | Issuer Intent | Pathway unresolvedApparent payment stablecoin | OCC | Anchorage Digital Bank, N.A.United States | DisclosureRedemption policy | |
 USDGOUSDGO | GENIUS | Issuer Intent | Pathway unresolvedApparent payment stablecoin | OCC | Anchorage Digital Bank, N.A.United States | DisclosureRedemption policy | |
 USDTBEthena USDtb | GENIUS | Issuer Intent | Pathway unresolvedApparent payment stablecoin | OCC | Anchorage Digital Bank, N.A.United States | DisclosureRedemption policy |