Methodology
StableStatus reports what official sources say, with a link, a date and a hash for each fact. It does not assess whether a token or issuer complies with MiCA.
Sources and what each proves
- ESMA interim MiCA registerdownload · CSV
- Which EMT issuers and white papers ESMA lists as authorised, with their competent authority and dates. It does not list contract addresses.
- GLEIFAPI · LEI record
- That the legal entity exists, its legal name and address, and whether its LEI registration is current (L1).
- EBA registerdownload · EBA Register under PSD2
- Whether the entity holds an active e-money institution or credit institution licence (L2).
- National authority registersdownload or manual
- Licence status in the home country and, where the register says so, EMT issuance specifically (L2, L3).
Verification levels
Each level has its own source and its own result. They are not cumulative: an issuer can have L2 confirmed while L1 is inactive.
- L1
- LEI active in GLEIFThe LEI exists and its registration status is ISSUED.
- L2
- Licence active in an official registerThe EBA register or the national authority register lists an active licence.
- L3
- An official register lists EMT issuance specificallyA register names this entity as an issuer of e-money tokens, not only as a licensed institution.
Possible results:ConfirmedInactiveMismatchNot licensedNot foundNot checked
Signals and discrepancies
Signal
A risk event from an official source that does not change the ESMA register status.
IllustrativeGLEIF: LEI registration status LAPSED.
Discrepancy
An official source disagrees with ESMA, for example on an authorisation date or legal name.
IllustrativeESMA: 2024-07-01 · National register: 2024-06-28
Both are shown next to the ESMA value. The ESMA value is never replaced or corrected.
Update schedule
- ESMA interim MiCA register
- Downloaded at least once a day. Each file is hashed before cleaning.
- GLEIF and EBA register
- Checked for every issuer on each run.
- National registers
- Checked on each run where a download exists; otherwise checked manually and dated.
- Change history
- Every difference from the previous run is appended. Nothing is overwritten.