The European Banking Authority (EBA) has published the ultimate draft technical standards regarding prudential issues for companies to adhere to under the Markets in Crypto Assets (MiCA) law. MiCA, an extensive set of customized rules aimed at the cryptocurrency industry, was endorsed last year. The regulation includes instructions for crypto firms and stablecoin issuers. The EBA's standards delineate criteria for stress test schemes, specify liquidity necessities for reserve assets, and mandate issuers to create a recovery blueprint. As per the recently issued package, issuers dealing with asset-referenced tokens are obliged to carry out stress testing using realistic financial stress scenarios. Regulatory authorities have the liberty to adjust the issuer's own fund requirements based on the risk perspective and stress test outcomes. These draft technical standards were formulated in close collaboration with a conglomerate of 27 nation bloc, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB).