Wire · operational-macro
USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko
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Fusion42 · 27 October 2026 · Fusion42 review
USDC has overtaken USDT in euro stablecoin trading as EU regulations under MiCA favor EU-compliant stablecoins, increasing USDC's market share to 56%. The shift is reinforced by the European Banking Authority designating USDC as a significant e-money token, with similar regulatory changes expected in the US under the GENIUS Act.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
European stablecoin rules have opened a clear path for USDC over USDT in euro trading. You in fintech must now prioritise EU-compliant stablecoins as market access will tighten for non-compliant issuers.
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1 source · 27 Oct 2026
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