On the same European test, stablecoins handed in two completely opposite report cards.
First, USDC: Yesterday, the European Banking Authority (EBA) announced that Circle’s $USDC had been designated the first “significant e-money token” among the 45 stablecoins registered in the EU. Starting November 12, the EBA will directly oversee its reserves, liquidity, and redemption rules—stablecoins are officially entering “bank-grade” regulation in Europe, and USDC has secured a $73 billion compliance moat.
Now, USDT: On October 8, ESMA announced that all EU-licensed platforms must stop offering services for unauthorized stablecoins by January 8, 2027. The world’s largest stablecoin, with a market cap of $183 billion, can’t even enter the exam hall in Europe: Coinbase has told European users to transfer it out by the end of October, and Binance already removed USDT trading pairs in the EEA.
Here’s the twist: biggest doesn’t mean most compliant. In regulators’ eyes, a license matters more than market cap.
Pick a side in the comments: Is USDT being pushed out of Europe a major win for USDC, or is the EU driving users offshore?
$USDC $USDT
#稳定币 #MiCA #EU
First, USDC: Yesterday, the European Banking Authority (EBA) announced that Circle’s $USDC had been designated the first “significant e-money token” among the 45 stablecoins registered in the EU. Starting November 12, the EBA will directly oversee its reserves, liquidity, and redemption rules—stablecoins are officially entering “bank-grade” regulation in Europe, and USDC has secured a $73 billion compliance moat.
Now, USDT: On October 8, ESMA announced that all EU-licensed platforms must stop offering services for unauthorized stablecoins by January 8, 2027. The world’s largest stablecoin, with a market cap of $183 billion, can’t even enter the exam hall in Europe: Coinbase has told European users to transfer it out by the end of October, and Binance already removed USDT trading pairs in the EEA.
Here’s the twist: biggest doesn’t mean most compliant. In regulators’ eyes, a license matters more than market cap.
Pick a side in the comments: Is USDT being pushed out of Europe a major win for USDC, or is the EU driving users offshore?
$USDC $USDT
#稳定币 #MiCA #EU