The electronic money institution's addition to ESMA's registry expands MiCA-compliant stablecoin issuance beyond western Europe's usual suspectsSlovenia just planted its flag in the EU’s regulated stablecoin landscape. Dinaro d.o.o., a Slovenian electronic money institution licensed by the Bank of Slovenia, has been added to the European Securities and Markets Authority’s interim MiCA register as an authorized e-money token issuer. MiCA’s expanding mapAs of mid-2026, over 20 authorized EMT issuers are now listed on ESMA’s register, alongside hundreds of licensed CASPs. Why stablecoin regulation matters more than it soundsThe collapse of TerraUSD in 2022, which vaporized roughly $40B in value, was the event that turbocharged MiCA’s legislative timeline. For institutional players eyeing the European crypto market, a growing register of compliant EMT issuers reduces counterparty risk in stablecoin selection.