Breaking
March 11, 2025

MiCA-Compliant Stablecoins Lead Market in Europe Amid Regulatory Growth: Kaiko Report Jimmy Aki | usagoldmines.com

Europe’s cryptocurrency market is experiencing significant growth, particularly in euro-denominated trading volumes. Research by Kaiko and Bitvavo reveals that monthly euro trading volumes have consistently surpassed the 2023 averages, with notable peaks in March and November.

Euro Trading Volumes Surge in 2024

Over $42 billion in trading volume was recorded in both months, signaling the euro’s growing importance in the crypto market.

As of late 2024, the euro accounts for 7.5% of the total fiat-based cryptocurrency trading volume, making it the third most-traded currency after the U.S. dollar, which holds a dominant 49.9%, and the Korean won at 33.4%.

The rise in euro trading volumes comes alongside an evolving regulatory landscape in Europe.

The European crypto market has seen a major shift in stablecoin usage with the introduction of the Markets in Crypto-Assets (MiCA) regulation.

This regulatory framework, which came into effect on June 30, 2024, and will be fully implemented by December 30, 2024, is reshaping the stablecoin landscape by ensuring that asset-referenced and electronic money tokens comply with new legal standards.

One notable development in the MiCA-compliant stablecoin market is discontinuing Tether’s euro-pegged stablecoin, EURt, on all blockchains.

On November 27, 2024, Tether announced that it would halt minting EURt and cease its support on all blockchains.

Despite Tether’s exit, the use of euro-backed stablecoins has flourished in Europe.

As of late 2024, MiCA-compliant stablecoins dominate the market, with Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI collectively controlling 91% of the European stablecoin market.

Key Players in Europe’s Stablecoin Market

Several players have emerged as leaders in Europe’s stablecoin space. Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI are at the forefront of this new era of compliant digital currencies. Together, they have captured 91% of the stablecoin market in Europe.

These stablecoins are designed to meet the new MiCA regulatory standards, providing a secure and reliable alternative to traditional cryptocurrencies for European traders.

Crypto exchanges such as Binance and Coinbase are also pivotal in expanding the market for MiCA-compliant stablecoins. Binance made significant strides in this market by listing EURI in August 2024, almost matching Coinbase’s market share.

This move positions Binance as a major player in the European stablecoin market, further solidifying the growing importance of MiCA-compliant stablecoins in the region.

Coinbase has also adjusted its services in response to the new MiCA regulations. Starting December 1, 2024, the exchange will end its USDC rewards program for users in the European Economic Area (EEA).

The decision is part of the changes prompted by MiCA’s stricter rules for e-money tokens like USDC.

As Europe continues to develop its regulatory framework for cryptocurrencies, MiCA-compliant stablecoins are expected to play an even more prominent role in the region’s digital economy.

The post MiCA-Compliant Stablecoins Lead Market in Europe Amid Regulatory Growth: Kaiko Report appeared first on Cryptonews.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Mt. Gox Moves $900M in Bitcoin, Sparking Concerns as Crypto Market Declines Nidhi Kolhapur | usagold...

Analyst Says Only Buy XRP If It Reaches This Level Scott Matherson | usagoldmines.com

Skyren DAO Raises Over $500,000 as First-Ever Airdrop Collection Token Platform Cryptopolitan Media ...

Bitcoin Price Cracks $80K Support—Is a Deeper Correction Coming? Aayush Jindal | usagoldmines.com

Arthur Hayes tells crypto and stock investors to just “be patient” as Bitcoin falls below $77k Jai H...

How High Could Lightchain AI Crypto Soar in the 2025 Bull Run? To the Moon or Beyond? Cryptopolitan ...

Bitcoin’s Downtrend Continues, But Analyst Predicts $180K Target—Is It Possible? Samuel Edyme | usag...

Trump Set to Sign Executive Order Reversing Biden’s Crypto Banking Restrictions Nidhi Kolhapur | usa...

Jim Cramer urges investors to stay in the market despite sell-off, citing the ‘Haines Bottom’ Nelliu...

Japan’s 10-year bond yields soar to highest levels since 2008 Graham Smith | usagoldmines.com

Canada’s Newly Elected PM Mark Carney’s Past Bitcoin Criticisms Unearthed Julia Smith | usagoldmines...

Missed Dogecoin (DOGE) Back In The Day? This Altcoin Is Ready To Surpass DOGE in 2025 Cryptopolitan ...

Elon Musk suspects coordinated attack as X, Tesla, and DOGE face turmoil Nellius Irene | usagoldmine...

Will Michael Saylor’s Strategy survive this widespread bearish market? Jai Hamid | usagoldmines.com

President Trump’s crypto support threatens Europe’s monetary control Jai Hamid | usagoldmines.com

Bitcoin Slips Under 200-Day Moving Average – Will The Downtrend Continue? Ash Tiwari | usagoldmines....

Crypto News | Is Bitcoin Immune to Stock Market Volatility? Expert Weighs In Wayne Jones | usagoldm...

CleanSpark joins S&P SmallCap 600 as profits soar 833% Nellius Irene | usagoldmines.com

Crypto News | Futures hold steady while spot Bitcoin trading volume tumbles Andjela Radmilac | usago...

Bybit’s market share declines sharply after $1.4 billion security breach Ol | usagoldmines.com

Rex Shares and Osprey Funds file for first MOVE ETF Brenda Kanana | usagoldmines.com

World Liberty Financial almost sold out WLFI tokens, but portfolio bleeds after Ethereum (ETH) crash...

Michael Saylor’s Strategy to Sell $21 Billion In Preferred Stock Julia Smith | usagoldmines.com

Coinbase to Launch 24/7 Bitcoin and Ethereum Futures via CFTC-Regulated Exchange Hassan Shittu | usa...

S Korean Prosecutors Arrest Top Crypto Market Maker on Fresh ‘Scam Coin’ Wrap Tim Alper | usagoldmin...

Dogecoin To $2 Could Be Next If DOGE Holds This Level: Analyst Keshav Verma | usagoldmines.com

Crypto News | SEC signals shift in crypto regulation policy, reassesses firm registration Gino Matos...

Crypto News | Cayman Islands tightens crypto rules with mandatory licenses starting April 1 Assad Ja...

Who is Amy Gleason, the supposed “real” head of Elon Musk’s D.O.G.E? Jai Hamid | usagoldmines.com

MyShell Terminates Market Maker Following Binance Scrutiny Hongji Feng | usagoldmines.com

The Man Who Bought $50M Worth of Cardano Minutes Before Trump’s Crypto Reserve Post Is Bagging This ...

XRP Set For A ‘Life-Changing’ Month? Expert Sees $27 Incoming Christian Encila | usagoldmines.com

Crypto News | $21 Billion to Buy Bitcoin: Strategy Announces Preferred Stock Offering to Fund Addit...

Crypto News | ESM chief warns Trump’s crypto policies pose risk to EU monetary sovereignty Gino Mato...

Coinbase to launch 24/7 Bitcoin and Ethereum futures trading in the United States Jai Hamid | usagol...

Recession risks rise for all 3 North American economies over Trump-US tariff chaos Florence Muchai |...

Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? Scott Matherso...

Crypto News | Binance Bans Market Maker for GPS and SHELL After Trading Irregularities Chayanika De...

Crypto News | Florida governorship candidate proposes state Bitcoin reserve amid inflation concerns ...

Kraken authorized as Electronic Money Institution (EMI) with UK license Hristina Vasileva | usagoldm...

EU lawmakers voice doubts about digital euro after ECB outage Florence Muchai | usagoldmines.com

Crypto Firms Earmarked Over $134 Million for U.S. Elections in 2024: Report Jimmy Aki | usagoldmines...

Ethereum Price Crashes Below $2,000 – Here’s Where It’s Headed Next Joel Frank | usagoldmines.com

Big Money is Leaving Bitcoin – What Does This Mean for BTC Price? Arslan Butt | usagoldmines.com

Crypto Whale Who Accumulated XRP at $0.4 in 2024 Reinvests Profits in $0.015 Rival Altcoin Poised To...

Crypto News | Bitcoin drops below $80K as recent buyers realize losses but market indicators suggest...

Mainland Chinese investors buy $3.8B worth of Hong Kong stocks Florence Muchai | usagoldmines.com

Why are crypto and stock markets crashing so hard today? Jai Hamid | usagoldmines.com

Connex (CONX) leads $458 million token unlocks this week Vignesh Karunanidhi | usagoldmines.com

Polygon (POL) Will be Replaced by this DeFi Token in 2025 Cryptopolitan Media | usagoldmines.com

Dealing with a Market Slump? Here’s Why Lightchain AI Remains a Smart Investment Choice Cryptopolita...

Crypto News | Bitcoin, XRP Down as Fear Index Hits 17-Month Low but Experts Tip Solaxy To Explode F...

Crypto News | Dogecoin and Shiba Inu Fall but Some Traders Look Into Mind of Pepe to Beat the Crypt...

Crypto News | BinoFi – Next-Gen Hybrid Exchange lists on CoinMarketCap and Launches its BINO Token ...

Crypto News | Bullionaire Coin ($BULL) Secures $400,000 in Private Investment to Develop Luxury-Foc...

Crypto News | JSR Introduces “Chant-to-Earn”: Merging Spirituality with Blockchain Gaming Chainwire...

Crypto News | Flipster Unveils 1.1 Million USDT Staking Initiative For Traders Chainwire | usagoldm...

Crypto News | Bitcoin Price Analysis: How Low Will BTC Drop This Week Following Loss of $80K Crypto...

Musk risks further Tesla sales decline as he calls on US to stop sponsoring Europe’s defense by quit...

Europe faces stark choices over Russian $300 billion asset seizure Florence Muchai | usagoldmines.co...

US Treasuries rally as President Trump ‘transition’ talks spell recession Florence Muchai | usagoldm...

CertiK Identifies $140K Signature Verification Exploit on Arbitrum Hassan Shittu | usagoldmines.com

Cayman Islands Introduces New Crypto Licensing, How Will This Affect HBAR, SUI and ARB? Veronika Rin...

Trump-Linked World Liberty Financial’s Investment Drops by Over $100 Million: Data Jimmy Aki | usago...

Thailand SEC Approves USDT for Trading and Payments on Regulated Exchanges Hassan Shittu | usagoldmi...

Movement Labs Launches Mainnet with $250M TVL, Reveals First US Movement ETF Sead Fadilpašić | usago...

Is Dogecoin About to Explode? Analyst Predicts 4,250% Surge to $8.50 Simon Chandler | usagoldmines.c...

3 Cheap Cryptos That Will Move Like Ripple (XRP) Recently Moved From $0.50 To $3.40 Cryptopolitan Me...

Dogecoin’s Fate Hinges On $0.16—Breakout Or Breakdown Ahead? Christian Encila | usagoldmines.com

Crypto News | $3.8 Billion in Bitcoin and Ethereum Outflows, What Does it Mean? Chayanika Deka | us...

Crypto News | Bitcoin (BTC) Collapses Below $80K, What’s Next? Dimitar Dzhondzhorov | usagoldmines....

Crypto News | Almost $400 Million in BTC: Big Whales And Sharks Rebuilding Positions, Time to Buy B...

Crypto News | Singapore Exchange to debut regulated Bitcoin perpetual futures in 2025 Oluwapelumi Ad...

Crypto News | US investors lead $876M crypto outflows as Bitcoin tumbles amid political support Oluw...

Crypto News | Coinbase set to launch regulated 24/7 perpetual crypto futures in US Liam 'Akiba' Wrig...

Crypto News | Bybit market share halves after record $1.5 billion theft Oluwapelumi Adejumo | usagol...

Crypto News | Strategy aims for $21 billion in new perpetual STRK offering to boost Bitcoin holdings...

Bitcoin and Ethereum Funds Lost $876 Million Despite Trump’s Strategic Crypto Reserve Announcement S...

Singapore Exchange to Introduce Bitcoin Perpetual Futures in 2025 Mustafa Mulla | usagoldmines.com

Thailand’s SEC Just Approved USDT & USDC, Alongside Bitcoin & Ethereum as Approved Tokens! M...

Canada’s new Prime Minister vows to ‘destroy’ Trump and America in trade war Jai Hamid | usagoldmine...

Robinhood agrees to $30 million settlement in U.S. regulatory investigations Noor Bazmi | usagoldmin...

Trump says tariffs will make America so rich, ‘you won’t know where to spend it’ Jai Hamid | usagold...

Thailand SEC adds Tether USDT to list of approved cryptocurrencies Cryptopolitan News | usagoldmines...

Trump is trying to force Powell to cut interest rates by crashing asset prices – Fed didn’t do as PO...

USDT and USDC Stablecoins on Ethereum surge by $1.3B in the past 7 days Collins J. Okoth | usagoldmi...

Shocking Leaked Emails Reveal Ripple Pushed ‘Bitcoin Is China-Controlled’ FUD To Prove XRP’s ‘Decent...

Pepe Coin (PEPE) Price Prediction 2025: Is Meme Season Over or Will PEPE Bounce Back As This New Tok...

Robert Kiyosaki Declares ‘Biggest’ Stock Market Crash Has Arrived, Calls ETFs ‘Fake’ Hassan Shittu |...

Pi Network Crashes 55% as Pi Day Countdown Begins – Are Whales Manipulating Prices?  Harvey Hunter |...

REX Shares and Osprey Funds File to Launch MOVE ETF Tanzeel Akhtar | usagoldmines.com

Is XRP About to Crash? $2.10 Support Gets Tested as Bears Take Control Alejandro Arrieche | usagoldm...

The Crypto Market is Expecting Big Returns From Dogecoin but Instead, it’s Mutuum Finance Giving all...

Experts Think This New Token is a Threat to Dogecoin (DOGE) And PEPE as it could 100x Your Investmen...

Will Shiba Inu Reclaim $0.000012? SHIB Eyes Retest After Key Support Breakdown Godspower Owie | usag...

South Korea Pushes for a Bitcoin Reserve. Could $BTCBULL Presale Benefit? Krishi Chowdhary | usagold...

This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over Scott Matherson ...

Crypto News | 1.1M in ETH: What Are Ethereum Whales Preparing For? Chayanika Deka | usagoldmines.co...

Crypto News | Ripple v. SEC Lawsuit News Update: Is a Resolution on the Horizon? Dimitar Dzhondzhor...

Crypto News | Will Binance List Pi Network (PI) This Week? Dimitar Dzhondzhorov | usagoldmines.com

Leave a Reply