USDC weekly volume soars 155% in 2024 following MiCA implementation

The new requirements on stablecoin issuers applied by the European Markets in Crypto-assets Regulation (MiCA) are boosting the demand for Circle's USD Coin (USDC), according to on-chain analysis firm Kaiko. USDC's weekly trading volume surged to $23 billion in 2024, up from $9 billion in 2023 and $5 billion in 2022.Circle recently announced its compliance with MiCA, which came into force on... source: https://cryptobriefing.com/usdc-stablecoin-demand-surge/