Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
USDC Overtakes USDT as MiCA Regulations Transform the Stablecoin Market

USDC Overtakes USDT as MiCA Regulations Transform the Stablecoin Market

Bitget-RWA2025/10/31 13:20
By: Bitget-RWA
- JPMorgan reports USDC outpaces USDT in onchain activity due to regulatory clarity and institutional adoption, with a 72% market cap surge to $74B this year. - MiCA compliance in Europe boosted USDC adoption, contrasting USDT's delistings, while integrations with Visa/Mastercard and CCTP expanded DeFi utility. - Circle's partnership with ClearBank enabled MiCA-compliant cross-border payments, driving stock gains from $92 to $146 and $33.45B market cap. - Analysts highlight USDC's regulatory edge as a mode

Circle's

has overtaken Tether's in terms of on-chain usage, fueled by clearer regulations and increased institutional participation, according to a report from JPMorgan cited by . The report highlights that USDC’s market cap has jumped 72% this year, reaching $74 billion, while USDT’s has grown by 32%. This trend points to a growing market inclination toward stablecoins that offer transparent reserves and adhere to regulatory standards such as the EU’s Markets in Crypto-Assets (MiCA) regulation, which was implemented in July 2024.

The introduction of the MiCA framework has significantly boosted USDC’s uptake, especially across Europe, where Circle’s stablecoin gained traction after receiving regulatory clearance. USDC’s adherence to MiCA stands in contrast to USDT, which has not been authorized under these rules, resulting in its removal from several major exchanges following the regulation’s launch. Additionally, USDC’s integration with payment giants like Visa and Mastercard, as well as its Cross-Chain Transfer Protocol (CCTP), has facilitated smooth cross-chain transfers and broadened its role within decentralized finance, according to

.

USDC Overtakes USDT as MiCA Regulations Transform the Stablecoin Market image 0

Circle’s recent alliances further reinforce its leadership. The company has partnered with ClearBank, a regulated UK bank, to enhance the availability of MiCA-compliant stablecoins such as USDC and EURC throughout Europe. This collaboration is designed to connect conventional banking systems with blockchain, enabling instant international payments. Mark Fairless, CEO of ClearBank, stated that merging its regulated platform with Circle’s blockchain expertise could transform global financial settlements, as reported by

.

This partnership has already influenced Circle’s stock, which climbed from $92 to $146 after the news broke. Investors see this move as a driver for increased revenue and wider adoption of stablecoin payment solutions. Circle’s market value has now reached $33.45 billion, signaling renewed institutional trust in its regulatory-focused strategy, according to the Market Periodical.

Although USDT continues to lead in developing markets and on centralized trading platforms, JPMorgan’s analysts believe USDC’s regulatory advantage sets a benchmark for the global expansion of stablecoins. The company’s growth—supported by MiCA compliance, institutional backing, and key integrations—marks a significant change in the stablecoin sector as regulatory standards become more established, Coindesk noted.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
U.S. Elections 2025: Democrats’ Big Wins Challenge Trump’s Pro-Crypto Agenda
2
India to Launch ARC Token Stablecoin Backed by Government Securities

Crypto prices

More
Bitcoin
Bitcoin
BTC
$104,383.3
+4.56%
Ethereum
Ethereum
ETH
$3,477.1
+10.12%
Tether USDt
Tether USDt
USDT
$1
-0.02%
XRP
XRP
XRP
$2.35
+10.43%
BNB
BNB
BNB
$961.62
+6.59%
Solana
Solana
SOL
$163.64
+8.80%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.2898
+4.29%
Dogecoin
Dogecoin
DOGE
$0.1679
+9.99%
Cardano
Cardano
ADA
$0.5454
+8.78%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter