USDC Overtakes USDT in Euro Stablecoin Trading Under MiCA as Coinbase Converts 14 EEA Stablecoins

Kaiko research cited by coverage reports USDC has overtaken USDT in euro-denominated stablecoin trading as MiCA regulations reshape the European market. Coinbase is separately reported as converting 14 stablecoins held by European Economic Area retail users to USDC on October 30, per multiple outlets covering the compliance action, with coverage noting the EEA stablecoin consolidation as a concrete MiCA implementation milestone.