USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko
Bullish strength: 80/100
- USDC's share of stablecoin trading against the euro climbed from 10% in January 2024 to 56%.
- USDC's euro-denominated order books are roughly 40% deeper than USDT's, indicating stronger trading liquidity.
- US regulatory requirements could favor Circle as US platforms face restrictions on non-approved stablecoins beginning in July 2028.
Bearish strength: 20/100
- Tether remains the larger stablecoin globally, with circulating supply about 2.5 times that of USDC.
- Future US regulatory restrictions and their impact on stablecoin trading remain uncertain.
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