Kaiko: USDC May Become the Biggest Beneficiary of the New European Digital Asset Standards

Kaiko Research said that Circle's stablecoin $USDC may be the biggest beneficiary of the new European digital asset standards that will take effect in July. These new standards are expected to prompt $USDC to take market share from Tether USDT. Kaiko analyst Melachrinos expects Kraken and OKX to delist all EURO/USDT trading pairs to comply with the new regulations. Kaiko data shows that Kraken's average daily trading volume for USDT/Euro trading pairs is about $4.3 billion, exceeding the trading volume of all other crypto/Euro trading pairs, while Kraken's average daily trading volume for USDC/Euro trading pairs is about $400 million.