Golden Finance reported that according to a Kaiko Research report, since some provisions of the EU Crypto Asset Market Act (MiCA) came into effect in June this year, compliant euro stablecoins (such as Circle's EURC and Societe Generale's EURCV) have accounted for 67% of the euro stablecoin market. The report pointed out that Coinbase has surpassed Binance to become the main platform for euro stablecoin transactions, while Binance mainly promotes non-compliant stablecoins for non-European users. In addition, despite the change in market share, the weekly trading volume of euro stablecoins has remained at about US$30 million since June, a significant drop from US$100 million in March.