Circle · U.S. · Tether · Cointelegraph
Binance has also debuted changes for Brazilian users effective Tuesday, including restrictions on crypto lending
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Brazil requires existing crypto service providers to submit authorization applications by Oct. 30 to continue operating under transitional arrangements.
Key facts
- In a new report, Kaiko said USDC’s share has surged from 10% in January 2024, with the shift accelerating after major exchanges restricted USDT trading for customers in the European Economic Area
- The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025
- Circle’s USDC has overtaken Tether’s USDt in stablecoin trading against the euro, capturing 56% of the market as European exchanges adjust to the EU’s Markets in Crypto-Assets Regulation (MiCA)
- USDC has also gained a liquidity advantage, with euro trading order books now roughly 40% deeper than USDT’s
Summary
Today in crypto, Circle’s USDC overtook Tether’s USDT in euro stablecoin trading as EU regulations reshaped local markets, Binance applied for a crypto license in Brazil ahead of an Oct. 30 deadline and Ripple secured final US regulatory approval to establish a national trust bank. Circle’s USDC has overtaken Tether’s USDt in stablecoin trading against the euro, capturing 56% of the market as European exchanges adjust to the EU’s Markets in Crypto-Assets Regulation (MiCA), according to Kaiko. In a new report, Kaiko said USDC’s share has surged from 10% in January 2024, with the shift accelerating after major exchanges restricted USDT trading for customers in the European Economic Area. USDC has also gained a liquidity advantage, with euro trading order books now roughly 40% deeper than USDT’s. The findings follow the European Banking Authority’s decision to classify USDC as the EU’s first significant e-money token under MiCA, placing it under direct regulatory supervision.