The standard was designed to enhance cross-chain functionality and mitigate the issues arising from the liquidity fragmentation of USDC stablecoin.

The major exchanges are acting cautiously prior to the partial implementation of MiCA, which might push Euro-pegged stablecoins adoption. USDT and USDC's future in the area remains unclear.

OKX crypto exchange delisted USDT trading pairs for EEA-based users. The upcoming implementation of the MiCA regulation pushes market participants to make bets.

Circle has announced that it will discontinue support of its stablecoin on the Tron blockchain to ensure that USDC remains trusted and transparent. But is there something more afoot?

Coinbase has entered a partnership with Yellow Card to promote the exchange and USDC across 20 African countries. Meanwhile, USDC issuer Circle has applied for an IPO in the U.S.

The two U.S. crypto giants are part of a wave of companies embracing the more crypto-friendly attitude of European authorities.

Circle's CSO wrote to U.S. Senators on the Banking Committee in response to claims from the Campaign for Accountability.

The initiative will focus on USDC circulation within the country's regulatory framework, a banking relationship, and the promotion of Circle’s Web3 services.