EURITE, issued by major tech-driven bank Banking Circle with Fireblocks' assistance, has shown a high level of trading volume in the first hours after listing.

The paper, "MiCAR's Influence on Stablecoins: Industry Insights and Implications," highlights inconsistencies and areas for improvement in the new law.

The European crypto regulations concerning stablecoins has entered into force today.

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.

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

As the European Union's 2024 elections approach, lawmakers suggest a shift in the region's blockchain strategy from regulation to implementation.

Kraken and other major exchanges are shifting focus to the European market as the new MiCA framework promises greatly enhanced regulatory clarity.