Euro Coin (EURC) saw a sharp increase in on-chain activity as both daily active addresses and new wallet creation reached all-time highs in its four-year history, according to Santiment. The surge likely reflects growing demand for regulated euro-denominated stablecoins as the EU’s Markets in Crypto-Assets (MiCA) framework encourages exchanges, payment providers, and crypto applications to […]
AscendEX said it stopped operating on July 1 after the MiCA transition period ended. Following its exit, ZachXBT warned the public about the platform’s liquidity, alleging that it wouldn’t be able to process customer withdrawals. ZachXBT Raises Fresh Liquidity Concerns In its announcement, the crypto exchange said that it was winding down due to challenging […]
OKX has announced the expansion of its partnership with Standard Chartered Bank into the European Economic Area (EEA), as it extended a collaboration that first began in the United Arab Emirates earlier this year. The move introduces OKX’s collateral mirroring programme to institutional clients across Europe, which allows users to hold their assets securely with […]
Europe’s landmark crypto regulation, MiCA, is now six months into its full rollout, quietly reshaping the rules for crypto firms and stablecoin issuers. New licenses, stablecoin approvals, and early compliance trends hint at how the bloc’s ambitious regulatory experiment is unfolding. MiCA Marks Six Months As of July, 14 stablecoin (e-money token) issuers from seven […]
Deutsche Boerse’s post-trade unit, Clearstream, announced that it will introduce crypto custody and settlement services for institutional clients later this year. The services will be provided through its majority-owned subsidiary, Crypto Finance, which will act as a sub-custodian. Clearstream’s Offering According to a Bloomberg report, Clearstream will offer custody services for Bitcoin (BTC) and Ethereum […]
Binance is seeing a rising dominance of USDC as regulatory changes reshape the stablecoin market. A year ago, USDC accounted for just 0.48% of Binance’s stablecoin distribution, dwarfed by USDT’s 68.67% share and FDUSD’s 30.84%. However, over the past 12 months, USDC’s presence has surged to 8.26%. This marked a whopping 1,621% increase, according to […]
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the […]