The newly implemented MiCA regulations caused the market value of the euro stablecoin to fall by 2.51%.
2024-07-11 13:58:20
According to CCData's latest stablecoin report, the market capitalization of European stablecoins declined in June due to the implementation of MiCA regulations in the crypto asset market. The market capitalization of euro-based stablecoins fell by 2.51% to a 7-month low of $307 million, the lowest value since November 2023. During this period, Tether's EURT stablecoin market capitalization fell by 26%, mainly due to delisting from major exchanges such as Bitstamp.
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