USDC

<ul><li>MiCA boosts Circle&#39;s stablecoins, EURC and USDC, in Europe.</li><li>USDC&#39;s weekly trading volume soars to $23B in 2024.</li><li>USDC use rises in perpetual futures, especially for BTC and ETH.</li></ul>The recent implementation of the Markets in Crypto-Assets Regulation <a href="https://cryptotale.org/eu-sets-stage-for-defi-integration-with-traditional-banking-via-mica-framework/" rel="noopener noreferrer nofollow">(MiCA)</a> in Europe has primarily bolstered one player in the stablecoin market—Circle. Circle has emerged distinctly ahead, particularly with its Euro-pegged EURC and the more prominent USD Coin (USDC). According to a recent analysis by French blockchain analytics firm Kaiko, these two stablecoins have seen the most substantial upticks in daily trading volumes post-MiCA implementation.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeKgbRkKIMq5qpqCiOPrUyjMG9IzZTFqWRqGuxwbSIyfhvlqvTIxAHiHTBoQjrdorb-cr20C7ki2j09QYnazxFqDBMAOqgklIea4P6i8x0OaHFEh5qI6eLVdwAu4sqyZTi5nO9pQeWwphv2xoMVLxjPEH2D?key&#61;jnQd6YHzMupGHOAD06eITg" />Source: <a href="https://research.kaiko.com/insights/usdc-leads-demand-for-regulated-stablecoins" rel="noopener noreferrer nofollow">Kaiko</a>The trading volume of USD Coin (USDC) has reached unprecedented heights, with a record-breaking surge to $23 billion in weekly trading volume in 2024, marking a significant jump from $9 billion in 2023 and just $5 billion in 2022. This meteoric rise has positioned USDC close to rival FDUSD, with a nearly 14% market share in the stablecoin sector.<a href="https://cryptotale.org/circle-emerges-as-major-beneficiary-of-mica-stablecoin-regulations/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Circle Emerges as Major Beneficiary of MiCA Stablecoin Regulations

CryptoTale

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