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#mica

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#stablecoin #usdc #usdt #eu-regulation #esma #regulation #crypto-exchange

USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko

USDC has surpassed USDT as the dominant stablecoin in euro trading pairs on exchanges, capturing a 56% market share since January 2024. This shift is attributed to the implementation of EU's MiCA regulations, which have led exchanges to restrict USDT due to compliance concerns. The increased liquidity and deeper trading depth for USDC reflect the evolving regulatory landscape in Europe.

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