USDC vs USDT: How MiCA Rules Are Redrawing Europe's Stablecoin Map
Tether's USDT still leads on global supply, but EU compliance rules under MiCA are reshaping where each stablecoin can operate.
AfroEuropa Newsroom
AfroEuropa desk
The long-running rivalry between the two largest dollar-pegged stablecoins, Tether's USDT and Circle's USDC, is increasingly being shaped by European regulation, according to analysis published by BitKE.
Writing for the outlet, Tassnem Abubaker, Head of Business Development at the crypto financial app Finik, noted that USDT built its lead early by prioritising liquidity and broad availability, becoming a default dollar proxy across crypto markets before the sector had established rules or significant institutional adoption. BitKE reported that USDT holds roughly $184 billion in supply.
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