TREE NEWS reports: USDC has captured 56% of euro stablecoin trading since January 2024, overtaking USDT as deeper liquidity builds around the Circle-issued token, Kaiko data shows. The shift comes as exchanges restrict USDT trading under the EU’s MiCA rules, reshaping the euro stablecoin market.
USDC overtakes USDT in euro stablecoin trading with 56% share: Kaiko
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AI take
The significance here is regulatory rather than organic: MiCA-driven exchange restrictions appear to be doing the competitive work, pushing euro stablecoin flow toward the compliant token rather than the incumbent. This matters most for venues and market makers operating in the EU, where liquidity depth now follows rulebook access. Whether USDC's lead holds once USDT's EU posture is clarified, or whether euro stablecoin volumes stay thin enough that the share shift flatters, is the open question worth watching.
Generated by AI for reference only.
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