USDC takes 56% of euro stablecoin volume as MiCA enforcement expands
CIE News ·
Based on reporting by BeInCrypto; not yet independently confirmed.
USDC captured 56% of euro-paired stablecoin volume following exchange delistings of non-compliant tokens, while the EBA prepares direct supervision of Circle on November 12, 2026.
Circle's USDC captured 56% of euro-paired stablecoin trading volume after European exchanges initiated delistings of non-MiCA compliant tokens on October 30, 2026, according to a report cited by forexcrunch.com. Order books for USDC on euro pairs are roughly 40% deeper than those for Tether's USDT. The shift follows moves by platforms like Coinbase to delist or convert non-compliant stablecoins such as USDT, DAI, and PYUSD for European Economic Area users, KuCoin reported.
The regulatory transition continues across the European Union ahead of a January 8, 2027 deadline set by the European Securities and Markets Authority for licensed platforms to phase out non-compliant tokens. Additionally, the European Banking Authority is scheduled to assume direct oversight of Circle Internet Financial Europe SAS on November 12, 2026, after designating USDC as the bloc's first significant e-money token.
Key facts
- USDC takes 56% euro volume
- Order books 40% deeper than USDT
- EBA oversight on Nov 12, 2026
- ESMA deadline on Jan 8, 2027
Read the original at BeInCrypto