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MiCA regulation boosts Circle's EURC stablecoin activity, challenging Tether's dominance in Europe.

Market News
10 Jul 2026
Cointribune
View Source
Bullish
pluang ai news

Circle's EURC stablecoin has seen record activity in Europe, with 1,760 active addresses and 713 new wallets daily, driven by the MiCA regulation which excludes non-compliant stablecoins like Tether's USDT from European platforms. This regulatory environment favors EURC as the legal and transparent euro-pegged stablecoin, making it the preferred choice for companies seeking compliance. However, Tether is negotiating with regulators to obtain MiCA approval, setting the stage for a competitive battle for market dominance in Europe. The situation highlights the trade-off between regulatory security and dependency on a single issuer in the evolving stablecoin landscape.

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