USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko
USDC’s share of euro stablecoin trading has climbed to 56% since January 2024, with deeper liquidity as exchanges restrict USDT under MiCA.
What happened
USDC’s share of euro stablecoin trading has climbed to 56% since January 2024, with deeper liquidity as exchanges restrict USDT under MiCA.
Why it matters
The decision may change compliance obligations, market access or operating costs for Tether, USDC.
Affected entities
Tether · USDTNeutralUSDC · USDCNeutral
View evidence
1 reports · 1 original report · 1 independent
- CointelegraphPrimary source · Supports · EN · 100%USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko ↗
Claims
- USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.
Score explanation
Confidence · formula confidence-2.1.0
Source trust63
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude82
Market relevance88
Entity significance82
Market breadth63
Novelty68
Urgency78
Ranking · formula rank-1.0.0
Confidence factor0.82
Freshness factor0.9986
Breaking bonus8