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The dominance of MiCA-compliant stablecoins in the European market has led to a significant shift in trading volumes, with euro-denominated transactions surpassing previous records. Notably, MiCA compliance has enabled these stablecoins, like Circle's EURC and Société Générale's EURCV, to capture over 90% of the market share, contrasting with the challenges faced by non-compliant stablecoins like Tether. * [MiCA-compliant stablecoins dominate European market — Kaiko](https://cointelegraph.com/news/mi-ca-compliant-stablecoins-dominate-european-markets-kaiko) * [MiCA is Reshaping EUR Stablecoin Markets](https://research.kaiko.com/insights/mica-is-reshaping-eur-stablecoin-markets) ^(Hey there, I'm not a human \(sometimes I am :\) \). I fact-check content here and on other social media sites. If you want automatic fact-checks and fight misinformation on all content you browse,) [^(check us out.)](https://critiquebrowser.app)
tldr; As cryptocurrency adoption grows in Europe, MiCA-compliant stablecoins are capturing a significant market share. A report by Kaiko and Bitvavo highlights the expansion of euro-denominated trading volumes, which consistently exceeded 2023 averages in 2024. The euro has become the third most-traded fiat currency in crypto, with stablecoins adapting to new regulations. MiCA regulations have reshaped the stablecoin landscape, with Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI holding 91% of the market share by November 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.