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USDC overtakes USDT in euro stablecoin trading amid EU's MiCA rules enforcement.

Market News
27 Oct 2026, 19:14 WIB
Crypto Briefing
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Bullish
USDC overtakes USDT in euro stablecoin trading amid EU's MiCA rules enforcement.

Circle's USDC stablecoin now accounts for 56% of euro-paired stablecoin trading, surpassing Tether's USDT which fell from 90% to 44% since January 2024. This shift is driven by the EU's Markets in Crypto-Assets (MiCA) regulations, which enforced stricter compliance and led exchanges to restrict or delist non-compliant tokens like USDT. USDC's recognition as the EU's first "significant" e-money token under MiCA further boosts its adoption, with European Banking Authority oversight starting November 2026. While USDT remains strong in decentralized finance outside regulated venues, the European market increasingly favors compliant stablecoins like USDC, impacting exchanges, traders, and issuers alike.

Tether USDT trades at Rp18.074 on Pluang, showing a 0.20% increase as of Oct 27, 2026 23:22 WIB. Its market cap stands at Rp3.303,47 trillion with a 24-hour volume of Rp888,03 trillion. Despite USDC's rise in euro trading, USDT remains actively traded on Pluang, with 67% of orders as sell and a typical hold time of 92 days.

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