COINTELEGRAPH · 2026-10-27 16:00 UTC

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

USDC has overtaken USDT in euro stablecoin trading, now accounting for 56% of volume (up from 10% in January 2024), driven by EU's MiCA regulation favoring compliant stablecoins. USDC was designated as the EU's first 'significant e-money token' under MiCA, placing it under direct EBA supervision. Similar US stablecoin regulations under the GENIUS Act could shift trading activity away from USDT toward USDC, as Circle pursues authorization while Tether launched a separate US-focused stablecoin USAT.

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