TechFlow news, October 30 — According to CoinDesk, a JPMorgan report shows that Circle's USDC has surpassed Tether's USDT in on-chain activity. USDC's market cap surged 72% this year to $74 billion, significantly outpacing USDT's 32% growth. Analysts attribute this shift to the implementation of Europe’s MiCA regulatory framework, under which USDT was delisted from several European exchanges due to lack of authorization, while USDC gained institutional investor favor through compliance, transparent reserves, and regular audits. Increased USDC activity on blockchains such as Solana and Base, along with integrations with payment giants like Visa and Mastercard, have further strengthened its competitiveness. Although USDT remains dominant in emerging markets, experts predict that USDC’s regulatory model could become the global standard for stablecoin development.
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