Friday, July 11, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Binance Adjusts to MiCA: USDC Gains Momentum as Stablecoin Market Shifts

Irene Mukiri by Irene Mukiri
March 6, 2025
in Binance Feed, Market
Reading Time: 3 mins read
Binance Adjusts to MiCA USDC Gains Momentum as Stablecoin Market Shifts
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • USDC’s market share on Binance surged 1,621% as MiCA reshapes stablecoin rules.
  • Binance’s MiCA compliance may weaken USDT’s dominance in the European market.
  • Nigeria’s $79.5B lawsuit adds legal pressure to Binance’s global operations.

The regulatory landscape for stablecoins in the European Economic Area (EEA) is undergoing a significant transformation. Binance, the world’s largest cryptocurrency exchange, is set to delist multiple stablecoins, including Tether (USDT), Dai (DAI), First Digital USD (FDUSD), and TrueUSD (TUSD), to comply with the Markets in Crypto-Assets (MiCA) regulation. 

This decision, effective March 31, 2025, marks a pivotal moment for the stablecoin market, with USDC emerging as a strong contender. As Binance adjusts its stablecoin offerings, the question remains: Will USDC overtake Tether as the dominant stablecoin on the platform?

Related articles

What’s Behind the $PEPE and $SUNDOG Price Jump Today

What’s Behind the $PEPE and $SUNDOG Price Jump Today?

July 11, 2025
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

July 11, 2025

USDC’s Rapid Growth on Binance

According to CryptoQuant data, Over the past year, USDC’s market share on Binance has seen a meteoric rise. It surged from a modest 0.48% to an impressive 8.26%, reflecting a 1,621% increase. Regulatory changes, particularly MiCA, have played a crucial role in this shift. 

USDC, being MiCA-compliant, is well-positioned to benefit from Binance’s regulatory realignments. The removal of USDT and other non-compliant stablecoins from Binance’s offerings for EEA users is expected to further accelerate USDC’s adoption.

Binance’s Strategy for MiCA Compliance

Binance has been proactive in aligning its operations with MiCA’s regulatory framework. Besides delisting non-compliant stablecoins, it continues to support their custody, deposits, and withdrawals. 

Additionally, Binance Convert will allow users to exchange delisted stablecoins for MiCA-compliant alternatives or fiat currencies like the euro. This strategy ensures a smooth transition while maintaining market stability. Binance’s move also underscores its commitment to securing a MiCA license, solidifying its position in the European market.

Impact on the Global Stablecoin Landscape

The delisting of USDT on Binance for EEA users has broader implications. Tether has long dominated the stablecoin market, but its removal in a key regulatory region weakens its stronghold. 

While USDT remains the preferred stablecoin globally, USDC’s increasing market share on Binance signals a shift in the industry. Moreover, the rise of other MiCA-compliant stablecoins like Eurite (EURI) could introduce further competition, diversifying the stablecoin ecosystem.

Binance Faces Legal Challenges in Nigeria

Meanwhile, Binance is dealing with a legal battle in Nigeria. The country has filed a lawsuit against the exchange, seeking $79.5 billion in damages for economic losses and an additional $2 billion in back taxes. 

Nigerian authorities claim Binance’s operations have contributed to the country’s currency instability. The Federal Inland Revenue Service (FIRS) is demanding income taxes for 2022 and 2023, along with penalties and interest. Binance, which is not registered in Nigeria, has yet to respond to the allegations.

Tags: Binance News

Related Posts

What’s Behind the $PEPE and $SUNDOG Price Jump Today

What’s Behind the $PEPE and $SUNDOG Price Jump Today?

by Munene Timothy
July 11, 2025

PEPE jumped by 15.32% daily after a whale bought $2.68M worth, triggering a breakout with RSI at 67.54 and volume...

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence

by Veronicah Peninah
July 11, 2025

Bitcoin’s market cap stands at $2.20 trillion, surpassing silver’s $2.007 trillion. BTC trades at $117,901, rising 6.1%, with resistance at...

Bitcoin Breaks Records Analysts Predict $250K in 2025 as Bullish Momentum Builds

Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds

by Irene Mukiri
July 11, 2025

Bitcoin breaks key resistance at $110K, eyes $160K amid bullish market momentum Inverse Head and Shoulders pattern sets $160K target,...

Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch

Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch

by Jonathan Carls
July 11, 2025

Real-time proving enables zkEVMs on Ethereum using affordable, home-grade hardware. ZK clients will verify diverse proofs, boosting resilience and preventing...

ENA Price Prediction Stablecoin Protocol Surges After Upbit and Grayscale Boost

ENA Price Prediction: Stablecoin Protocol Surges After Upbit and Grayscale Boost

by Munene Timothy
July 11, 2025

ENA trading volume surged by 154.52% to $636M after Upbit listing, boosting price to $0.3535 and market cap to $2.23B....

Load More

Recent News

  • What’s Behind the $PEPE and $SUNDOG Price Jump Today?
  • Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
  • Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds
  • Ethereum Eyes Home-Based zk-Proving with Upcoming L1 zkEVM Launch
  • ENA Price Prediction: Stablecoin Protocol Surges After Upbit and Grayscale Boost

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

What’s Behind the $PEPE and $SUNDOG Price Jump Today
What’s Behind the $PEPE and $SUNDOG Price Jump Today?
July 11, 2025
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
Peter Schiff Urges Bitcoin Holders to Exit at Highs, Advocates Buying Silver Amid Market Divergence
July 11, 2025
Bitcoin Breaks Records Analysts Predict $250K in 2025 as Bullish Momentum Builds
Bitcoin Breaks Records: Analysts Predict $250K in 2025 as Bullish Momentum Builds
July 11, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact