USDC acquires land on Binance, where regulatory changes challenge Tether’s hegemony

Binance sees the increasing dominance of USDC as organizational changes that reshape the Stablecoin market. A year ago, USDC accounted for only 0.48 % of the Binance’s Stablecoin distribution, which was fierce with 68.67 % of USDT and 30.84 % of FDUSD.

However, over the past 12 months, the presence of USDC has risen to 8.26 %.

This represents a 1621 % increase, according to another Cryptoquant analysis.

The rapid growth of USDC on Binance

The recent transformation is largely attributed to organizational pressures, especially the European Union markets within the framework of encryption (MICA). Moreover, the Binance decision is expected to be accelerated by the USD to delete the Users of the European Union by March 31 to comply with MICA to USDC growth. As a result, questions arise about any stablecoin will dominate the Binance global platform in the coming months.

“Since the Mika framework is reshaping the European encryption market, the USDC appears to be ready to take advantage of the organizational transformations, which may challenge the long Tether’s hegemony.”

Earlier this week, Japan is officially Welcoming USDC was received as the first and approved global dollar from Stablecoin for use after SBI VC approval from the Japanese Financial Services Agency (JFSA) as an electronic payment provider under the new organizational framework in Japan. This makes SBI VC trading the first platform in Japan to narrate and distribute USDC.

Cord problems

Mika became a valid in December 2024, which sought to bring unified digital asset regulations to the European market. After its implementation, prominent encryption platforms such as Coinbase and Crypto.com have announced the removal of incompatible Stablecoins such as USDT for European Union users.

Tether had earlier criticized the speed of this transition and warned that such a wheel could create disturbances in the market. The company also confirmed that the organizational impact exceeds USDT, which affects many stablecoins and adds the complexity to the situation.

As a result of organizational obstacles under MICA, Tether decided to rely on the distinguished symbol platform, Hadron, and invest in the Dutch company Quantoz As part of its European strategy. With USDT deletion due to compliance requirements, Stablecoin Source Repeat its focus on Hadron’s development and Quantoz support while re -evaluating the USDT road map for Europe.

Hadron allows the creation of digital assets such as stablecoins, bonds, arrows, and loyalty programs. Quantoz, with the support of Tether since 2024, EURQ and USDQ, were presented by two Stablecoins in line with the organizational framework of MICA.