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USDC Overtakes USDT in the European Market

USDC Overtakes USDT in the European Market


10h10 â–Ş
6
min read â–Ş by
Evans S.

Summarize this article with:

Circle’s USDC has just surpassed Tether’s USDT in crypto trading against the euro. According to the latest data from Kaiko, its market share now reaches 56%, compared to only 10% in January 2024. The stablecoin is also gaining ground on liquidity, with order books 40% deeper than those of its rival. The European MiCA regulation has greatly accelerated this change.

A blue USDC stablecoin takes its place on a European throne, while the green USDT surrenders its crypto crown.A blue USDC stablecoin takes its place on a European throne, while the green USDT surrenders its crypto crown.

In brief

  • USDC now represents 56% of stablecoin trades against the euro, compared to 10% at…

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