⚡According to data from crypto analytics company Kaiko Research, Circle’s USDC is set to benefit significantly from upcoming European digital asset regulations, which will come into effect in July. Kaiko analyst Anastasia Melakhrinos emphasized that USDC could capture market share from its larger competitor, USDT from Tether. This is especially relevant for traders using stablecoins to move digital assets between exchanges or to store wealth amid volatile token prices.
⚡Changes in regulation are already impacting major crypto exchanges. OKX has suspended USDT trading support in the European Union, while Kraken is revising its plans, which may include removing USDT from the list in compliance with new EU rules known as MiCA (Markets in Crypto-Assets).