According to a report by Kaiko Research, since some provisions of the EU Crypto-Asset Market Act (MiCA) came into effect in June this year, compliant euro stablecoins (such as Circle's EURC and Societe Generale's EURCV) have accounted for 67% of the euro stablecoin market. The report pointed out that Coinbase has surpassed Binance to become the main platform for euro stablecoin transactions, while Binance mainly promotes non-compliant stablecoins for non-European users. In addition, despite the change in market share, the weekly trading volume of euro stablecoins has remained at about US$30 million since June, a significant drop from US$100 million in March. (TheBlock)