Richard

EURC

would

Coin

<p><a href="https://app.santiment.net/insights/read/euro-coin-on-chain-activity-absolutely-erupts-11062" rel="noopener noreferrer nofollow">Santiment data shows</a> EURC printed 1,760 daily active addresses and 713 new wallets in a single day this week, both all-time highs, arriving almost immediately after July 1, the date a <a href="https://coindoo.com/the-mica-deadline-is-here-which-exchanges-got-licensed/" rel="noopener noreferrer nofollow">MiCA license became mandatory</a> for serving EU customers across all 27 member states.</p>
<figure class="wp-caption aligncenter"><img src="https://coindoo.com/wp-content/uploads/2026/07/IMAGE-2026-07-10-113429.jpg" alt="A Santiment dashboard chart showing all-time high spikes in Euro Coin ($EURC) adoption, with 1,760 daily active addresses and 713 new addresses created as of July 2026." width="1280" height="719">
 <figcaption>
  Euro Coin ($EURC) daily active addresses and network growth hitting all-time highs.
 </figcaption>
</figure>
<p>The new-wallet figure is the meaningful one. Active addresses can spike when existing holders shuffle funds; record wallet creation means fresh users are arriving. With unlicensed platforms locked out of Europe, payment teams and apps need compliant assets, and a euro token issued under Circle’s French-regulated entity is one of the few on the shelf.</p>
<p>The longer trend runs the same direction. EURC’s market cap has grown from under $100 million a year ago to roughly $430 million, tracking MiCA’s phase-in almost step for step, <a href="https://www.coinglass.com/currencies/EURC" rel="noopener noreferrer nofollow">per Coinglass data</a>. For a stablecoin that is the demand chart, since the price is pinned to one euro and adoption shows up in supply, not candles.</p>
<p>So the compliant euro lane is getting traffic. Then came July 9, and a number that puts the records in scale.</p>
<h2 id="teng-s-70">Teng’s 70%</h2>
<p><a href="https://coindoo.com/binance-is-halting-eu-services-on-july-1-what-it-means-for-users/" rel="noopener noreferrer nofollow">Binance did not obtain a MiCA license</a> in time and suspended EU services, forcing millions of users to decide where their balances go. CEO Richard Teng gave the result: roughly 70% of withdrawn funds moved to self-custodied wallets. Only 30% landed on MiCA-compliant platforms, <a href="https://finance.yahoo.com/markets/crypto/articles/binance-ceo-says-mica-backfiring-211223172.html" rel="noopener noreferrer nofollow">reported by Yahoo Finance</a>.</p>
<p>Given a forced choice between regulated venues and their own keys, most affected users took the keys, moving assets outside both Binance and MiCA’s oversight entirely. Teng said the quiet part himself, arguing the migration raises questions about whether the law is achieving its consumer-protection goals, since self-hosted wallets sit beyond the supervision the framework exists to apply. EURC exchange netflows corroborate the direction, printing sustained weekly outflows through the transition, including $1.43 million in the week of July 6.</p>
<figure class="wp-caption aligncenter"><img src="https://coindoo.com/wp-content/uploads/2026/07/IMAGE-2026-07-10-113839.jpg" alt="A Coinglass chart tracking EURC spot inflow/outflow netflow against the EURC price from September 2025 to July 2026, showing a notable spike in negative netflow as of July 10, 2026." width="1280" height="367">
 <figcaption>
  EURC spot market netflow and price performance trends through July 2026.
 </figcaption>
</figure>
<p>Put the two stories side by side and the gap is the point. EURC’s record day involved fewer than two thousand addresses; Binance’s European base numbered in the millions. All-time highs and irrelevance are coexisting on a $430 million base, while the self-custody exit absorbed the bulk of a major exchange’s EU float in days. Investors are sampling the compliant lane. Most of the money, so far, is declining to drive in it.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a href="https://coindoo.com/clarity-act-window-could-closing-heres-why/" rel="noopener noreferrer nofollow">
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  <div class="contentLeft col-8">
   <h4 class="title mb-0">Clarity Act’s 2026 Window Could be Closing: Here’s Why</h4>
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</div>
<h2 id="two-weeks-is-not-a-referendum">Two Weeks Is Not a Referendum</h2>
<p>There are fair reasons to withhold the verdict. Self-custody may be a waiting room rather than a destination, since parking assets in a hardware wallet costs nothing while users watch which licensed venues earn trust, and Teng noted several EU jurisdictions have already invited Binance to apply for local licenses. If the exchange returns licensed, much of the 70% could flow back inside the perimeter and the July snapshot would read as transition friction. The euro-rail build-out also does not need Binance’s refugees: EURC’s growth is driven by platforms integrating a compliant instrument, the slower, infrastructural version of success MiCA’s drafters would settle for.</p>
<p>But the test is now defined, and it is measurable. EURC supply rising while the self-custody share shrinks would say Europe’s investors are accepting the framework. Records on a small base while 70% of forced movers choose their own keys says the acceptance is partial, and the burden of proof sits with the regulated lane. A rule built to bring users under supervision has, in its first two weeks, moved most of the affected money beyond it. That is the number MiCA will be judged against.</p>
<div class="light-yellow-block">
 <p><strong><em>The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, or trading advice.&nbsp;</em></strong></p>
</div>
<p>The post <a href="https://coindoo.com/eurc-records-after-mica-money-went-elsewhere/" rel="noopener noreferrer nofollow">EURC Set Records After MiCA: The Money Still Went Elsewhere</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

EURC Set Records After MiCA: The Money Still Went Elsewhere

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