CCData: Due to the implementation of MiCA regulation, the market value of euro-based stablecoins hit a seven-month low in June

ChainCatcher message, according to CCData's latest stablecoin report, the market capitalization of European stablecoins declined in June due to the implementation of regulations in the crypto asset market (MiCA).

The market capitalization of euro-based stablecoins decreased by 2.51%, reaching a new low of $307 million in 7 months. During this period, the market capitalization of Tether's EURT stablecoin fell by 26%, primarily due to its delisting from major exchanges like Bitstamp.