TechFlow news, according to Kaiko data, MiCA could impact the euro-denominated stablecoin market, with European regulatory measures potentially affecting the stablecoin landscape.
Although Europe has traditionally lagged behind the U.S. and the Asia-Pacific region in cryptocurrency trading, trading volumes for euro-backed stablecoins have been steadily rising since the beginning of this year, indicating a long-awaited rebound in European market demand.
Since March, the combined weekly trading volume of EUR-denominated stablecoins—including Tether's EURT, Stasis' EURS, Société Générale’s EURCV, Anchored’s AEUR, and Circle’s EURC—has consistently exceeded $40 million, marking the longest sustained period on record. AEUR, which had a rocky start after its listing on Binance in December last year, has since surged in the euro stablecoin market and now accounts for over 50% of total trading volume.
