Circle’s USDC (CRYPTO:USDC) stablecoin has surged in popularity, reaching a trading volume of $23 billion in 2024, benefiting significantly from the EU's new Markets in Crypto-Assets Regulation (MiCA).

The regulation has spurred demand for compliant stablecoins, with USDC emerging as a top choice due to its regulatory adherence and transparency.

Kaiko reports that USDC's trading volume skyrocketed from $5 billion in 2022 to $23 billion this year, reflecting a preference shift towards regulated alternatives.

Circle’s recent e-money license from France’s ACPR further solidifies USDC’s compliance with MiCA, making it the first global stablecoin to achieve this milestone in Europe.