MiCA regulations have increased demand for compliant stablecoins, with Circle's USDC emerging as a major beneficiary of this trend. According to Kaiko, a French blockchain analytics company, USDC is leading the demand for regulated stablecoins. ๐Ÿ˜ฎ

Kaiko revealed that non-compliant stablecoins currently account for 88% of total stablecoin volume. However, Europe's Markets in Crypto Assets (MiCA) regulations are expected to change this dynamic, with market makers favoring compliant stablecoins over non-compliant alternatives.

Leading crypto exchanges such as Binance, Bitstamp, Kraken, and OKEx have restricted and delisted non-compliant stablecoins, including Tether's USDT, for their European customers.

Meanwhile, Kaiko noted that the share of compliant stablecoins has gained significant traction over the past year, indicating a growing appetite for more transparent and regulated alternatives, a trend that has largely benefited USDC.

What do you think about this trend? Share in the comments column!#USDC#MiCA #Stablecoins