MiCA to Boost Regulatory Environment for Euro-Pegged Stablecoins
CryptoNewsTerminal Staff10 Jun, 2024
MiCA to Boost Regulatory Environment for Euro-Pegged Stablecoins
Recent research from leading crypto firm Kaiko shows the upcoming Markets in Crypto Assets (MiCA) regulation, due to take effect on 30 June, will significantly improve the regulatory environment for euro-pegged stablecoins. Since the start of the year, euro-pegged stablecoins like Tether’s EURT, STASIS’s EURS, and Circle’s EURCV have experienced a surge in trading volume, now boasting a combined weekly trading volume exceeding $40 million. This suggests that a more favorable regulatory landscape could entice more traders to use euro-pegged stablecoins.
