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MiCA New Regulations Trigger Major Restructuring of Stablecoins! EURCV Daily Trading Volume Soars 210% 💹
The European Union's Markets in Crypto-Assets Regulation (MiCA) stablecoin provisions are fully implemented, leading to a restructuring of the market landscape:
Regulatory Iron Fist: The daily trading limit for non-euro stablecoins is set at 1 million transactions/200 million euros. Platforms like Binance and Kraken will delist non-compliant stablecoins such as USDT and DAI by March 31, 2025. EU users can only trade authorized tokens like EURCV and USDC.
New King Ascends: The compliant euro stablecoin EUR CoinVertible (EURCV) issued by Société Générale has seen its daily trading volume surge by 210%, becoming the most liquid stablecoin in the EU. Its 100% euro reserves and central bank-level custody model fully comply with MiCA requirements.
User Switching Costs: Holders of old stablecoins must complete asset conversion within 7 days, and the new wallet binding process takes approximately 3-5 minutes (average measured time).
Technical Compliance Breakthrough:
"The on-chain redemption proof system of EURCV allows for second-level payouts, marking a milestone in the integration of traditional finance and crypto compliance." — Jean-Michel Godeffroy, Head of Digital Finance at the French Central Bank
⚠️ Disclaimer: The delisting process varies by country, and the data is sourced from EU regulatory bulletins and platform announcements. Actual operation timelines are subject to the actual page.
Interactive Question:
👉 Do you think strict regulations have enhanced the safety of stablecoins? Share your trading experience!