USDC
+0.0%
USDT
+0.0%USDC overtakes USDT in euro stablecoin trading as MiCA reshapes market
Image: CointelegraphUSDC now handles 56% of euro‑paired stablecoin trading, up from 10% in January 2024. The change follows the EU's MiCA rules, which have prompted exchanges to limit USDT for European users. USDC's order books are roughly 40% deeper, showing stronger liquidity. Tether's USDT remains the larger stablecoin globally, with a circulating supply about 2.5 times that of USDC.
Key points
- USDC accounts for 56% of euro‑stablecoin trading, up from 10% in January 2024.
- MiCA regulations have led exchanges to restrict USDT for European Economic Area customers.
Why it matters
European users now have greater access to a regulated, deeper‑liquidity stablecoin for converting euros, while compliance pressures reshape market share among major issuers.
What's unclear
The practical impact of EBA supervision starting November 12 2026 on Circle's USDC is not yet known.
It is unclear whether euro‑denominated stablecoins will grow beyond their current sub‑8% share of total EUR trading volume.
Price context · USDC
At publication
$0.9994
Now
$0.9995
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Circle’s USDC overtakes Tether’s USDT in euro trading as MiCA rules reshape market
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
