In Europe, the use of stablecoins for payments is actively developing, especially after the MiCA regulation comes into effect in 2024.
Some key points:
- Switzerland: One of the most crypto-friendly regions. In some cantonal administrations, taxes can be paid with Bitcoin and stablecoins.
- Germany: Cryptocurrencies are fully legalized here, and some stores are already accepting USDC and other stable assets.
- Spain and Portugal: Gaining traction in crypto payments, especially among small businesses.
- France: Some restaurants and stores have started accepting cryptocurrency, but regulation remains strict.
- Estonia and Lithuania: Actively developing blockchain technologies, some online services already support payments in cryptocurrency.
After MiCA, Tether (USDT) faced difficulties, while Circle (USDC and EURC) adapted and strengthened its positions. Therefore, USDC and EURC are currently the most convenient for transactions in Europe.
