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MiCA pushes USDT out, leaves USDC in the spotlight


MiCA pushes USDT out, leaves USDC in the spotlight

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Circle says USDC is the only one of the world’s ten largest stablecoins that currently complies with the EU’s Markets in Crypto-Assets (MiCA) regulation. If accurate, roughly 450 million EU residents would lose regulated access to most major dollar-backed stablecoins including Tether’s USDT, boosting USDC adoption and giving it a regulatory market advantage that could redirect CEX and DEX liquidity and affect DeFi flows in Europe.

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Circle says USDC is the only one of the world’s ten largest stablecoins that currently complies with the European Union’s Markets in Crypto-Assets (MiCA) regulation. If accurate, the claim means the EU’s roughly 450 million residents no longer have regulated access to most major dollar-backed stablecoins, including Tether’s USDT. The declaration comes as Europe fully...
Read the article at CryptoPolitan

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