Kaiko Research said that Circle's stablecoin USDC may be the biggest beneficiary of the new European digital asset guidelines that will take effect in July, and USDC is expected to take market share from Tether USDT. Kaiko analyst Melachrinos expects Kraken and OKX to delist all EURO/USDT trading pairs to comply with the new regulations. Kaiko data shows that Kraken's average daily trading volume for USDT/Euro trading pairs is about $4.3 billion, exceeding the trading volume of all other crypto/Euro trading pairs, while Kraken's average daily trading volume for USDC/Euro trading pairs is about $400 million. (Bloomberg)