USDC overtakes USDT in euro stablecoin trading under MiCA
In short
USDC has taken a bigger share of euro stablecoin trading, rising to 56% since January 2024. The change came as exchanges limited USDT under EU MiCA rules.
This matters because it shows traders moving toward the coin that fits the new rules better. The reporting does not say how much total trading changed.
What the reporting says
USDC’s share of euro stablecoin trading climbed to 56% since January 2024 as exchanges restricted USDT under EU MiCA rules. The reported evidence points to deeper liquidity for USDC as the market adjusted to the new regulatory environment. The immediate consequence is a shift in trading share, while the reporting does not state total euro stablecoin volumes or which exchanges changed policies.
Why it matters
USDC’s share of euro stablecoin trading reached 56% since January 2024 as exchanges restricted USDT under MiCA, according to the summary. The shift suggests deeper liquidity for USDC in the euro market and a regulatory-driven rebalancing among stablecoins. The reporting does not provide total volumes, specific venues, or whether the trend will continue.