Stablecoins are digital currencies designed to hold a stable value, typically pegged to the US dollar or euro. They've become critical infrastructure for crypto trading, cross-border payments and, increasingly, an alternative to traditional payment rails. In the Nordics, stablecoins are followed closely both as technology and as a regulatory topic, since MiCA imposes specific requirements on issuers. Kaupr covers who's issuing them, how Nordic banks and fintechs are positioning themselves, and what happens where stablecoins meet MiCA in practice.