CoinVoice recently learned that according to a Kaiko Research report, since the implementation of the EU (Market in Crypto Assets) (MiCA) regulations, MiCA-compliant stablecoins (such as Circle's EURC and Societe Generale's EURCV) have accounted for 67% of the euro stablecoin market, a record high.
The report noted that the change was mainly driven by Coinbase, which surpassed Binance as the leading platform for euro stablecoin trading in August. Despite the market restructuring, the weekly trading volume of euro stablecoins remained at around $30 million, down from $100 million in March.
In addition, the report mentioned the impact of MiCA regulations on US dollar stablecoins. Coinbase plans to remove non-compliant stablecoins such as USDT for European users before December 30, 2024, which may benefit MiCA-compliant USDC. [Original link]
