USDC

<ul><li>Circle’s USDC leads in regulated stablecoins, boosted by MiCA compliance and surging trading volumes in 2024.</li><li>Regulated stablecoins gain traction as exchanges delist non-compliant options, driving demand for USDC and EURC.</li><li>USDC usage for BTC and ETH perpetuals rises sharply, indicating growing investor preference for compliant stablecoins.</li></ul>In 2024, <a href="https://cryptotale.org/circle-emerges-as-major-beneficiary-of-mica-stablecoin-regulations/" rel="noopener noreferrer nofollow">Circle&#39;s USD Coin</a> (USDC) emerged as a frontrunner in the realm of regulated stablecoins, riding a wave of increasing demand and adoption. According to a <a href="https://research.kaiko.com/insights/usdc-leads-demand-for-regulated-stablecoins" rel="noopener noreferrer nofollow">recent report </a>by Kaiko, a prominent crypto intelligence firm, USDC, the flagship stablecoin of Boston-based payments company Circle, has seen a significant surge in trading volumes. This surge comes on the heels of Circle&#39;s strategic move to ensure compliance with the European Markets in Crypto-assets Regulation (MiCA), a key regulatory framework aimed at enhancing transparency and security in the crypto market.Despite the dominance of non-compliant stablecoins, which currently account for 88% of the total stablecoin market volume, the tide appears to be shifting. Kaiko&#39;s findings indicate a notable rise in the trading volumes of regulated stablecoins over the past year. This trend suggests a growing preference among exchanges and market participants for stablecoins that adhere to regulatory standards, such as USDC and EURC.Major cryptocurrency exchanges like Binance, Bitstamp, Kraken, and OKX have already taken proactive steps by delisting non-compliant stablecoins for their European clientele. This move underscores a broader industry shift towards regulatory compliance, potentially reshaping the stablecoin landscape in the near future.<a href="https://cryptotale.org/circles-usdc-leads-the-charge-in-regulated-stablecoins-with-european-compliance/" 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's USDC Leads the Charge in Regulated Stablecoins with European Compliance

CryptoTale

Other articles published on Jul 11, 2024

Why Tech-Savvy Investors Stacking 3 Under-the-Radar PolitiFi Meme Coins

How will Solana Technology Help Face The Challenges Ahead?

Germany’s BTC selling nears an end with only 4,925 Bitcoin left to transfer

Bitcoin ETF: Investment Advisor Goes All In On BlackRock ETF, Dumps ProShares BITO

Top Airdrops for Crypto Enthusiasts

Bitget Lists Mocaverse (MOCA) Coin from $6 billion-valued Web3 Giant Animoca Brands on Spot Market

Join our free newsletter for daily crypto updates!