USDC Pulls Ahead of USDT in Euro Stablecoin Trading as MiCA Rules Bite
USDC now accounts for 56% of euro stablecoin trading, up since January 2024, according to Kaiko. The shift follows exchanges restricting USDT under the EU's MiCA rules, and USDC's deeper liquidity is helping it gain ground.
Why it matters
- USDC's share of euro stablecoin trading has grown to 56% since January 2024.
- Exchanges are restricting USDT under MiCA, which is reshaping where euro trading happens.
- Deeper liquidity in USDC can mean tighter spreads and easier entries and exits for traders.
What to watch next
Watch how exchanges continue to handle USDT under MiCA and whether USDC keeps gaining share in euro trading pairs.
