USDC Overtakes USDT in Euro Trading as MiCA Rules Take Hold

USDC Overtakes USDT in Euro Trading as MiCA Rules Take Hold

USDC now accounts for 56% of stablecoin trading against the euro, according to Kaiko, as MiCA restrictions weaken USDT’s market share and liquidity.

USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko

USDC’s share of euro stablecoin trading has climbed to 56% since January 2024, with deeper liquidity as exchanges restrict USDT under MiCA.

USDC Beats USDT in Euro Stablecoin Trading as EU Rules Shift Flow: Kaiko

Circle’s USDC has surpassed Tether’s USDT in euro-denominated stablecoin trading, according to a new report from market data provider Kaiko. The shift highlights how rapidly stablecoin market structure in Europe is being reshaped by MiCA-related compliance preferences and exchange restrictions. Kaiko data shows USDC now represents 56% of stablecoin trading against the euro, up from [...]

Circle's USDC overtakes Tether's USDT in euro trading as MiCA rules reshape market

MiCA's regulatory framework reshapes the stablecoin market, favoring compliant tokens like USDC, impacting trading dynamics and liquidity.