USDC's share in euro stablecoin transactions rose to 56%, surpassing USDT.

According to Kaiko data, influenced by the MiCA Act, USDC's share in euro-denominated stablecoin transactions has risen to 56%, surpassing USDT. USDC's liquidity in euro-denominated transactions exceeds that of USDT, with an order book depth approximately 40% higher. The global circulation of USDT is about 2.5 times that of USDC. The European Banking Authority has designated USDC as the EU's first major electronic money token under the MiCA framework.