Scan with your phone to get the appUSDC overtakes USDT in euro stablecoin trading as EU MiCA rules restrict USDT.
Kaiko data shows Circle's USDC now accounts for 56% of euro‑stablecoin trading, up from just 10% in January 2024, after major exchanges limited USDT for European Economic Area users under MiCA.
USDC also enjoys deeper order books, roughly 40% more liquid than USDT, while Tether remains the larger global stablecoin with a circulating supply about 2.5 times that of USDC.
The European Banking Authority recently designated USDC as the EU's first "significant e‑money token" under MiCA, placing it under direct supervision, and similar regulatory moves are being considered in the US under the GENIUS Act.
Summary rewritten by AI from the original article by Cointelegraph.
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