“USDC Surpasses USDT in Euro Stablecoin Trading as MiCA Rules Reshape Market, Kaiko Reports” — what this page in the network covers. Circle's USDC has overtaken Tether's USDT in euro-denominated stablecoin trading, capturing 56% of market share since January 2024, according to data from Kaiko. This shift comes as European Union's Markets in Crypto-Assets (MiCA) regulation takes effect, prompting exchanges to restrict USDT, which Circle's USDC has overtaken Tether's USDT in euro-denominated stablecoin trading, capturing 56% of market share since January 2024, according to data from Kaiko.
This shift comes as European Union's Markets in Crypto-Assets (MiCA) regulation takes effect, prompting exchanges to restrict USDT, which has not obtained the necessary authorization. USDC, which is compliant with MiCA, has benefited from deeper liquidity and increased adoption among European traders. The regulatory changes are reshaping the competitive landscape of the stablecoin market, with implications for issuers, exchanges, and users. The full version stays on the original page, which this listing opens directly.