Default
Door Remote - 27 Oct 2026
Today in crypto, Circle’s USDC overtook Tether’s USDT in euro stablecoin trading as EU regulations reshaped local markets, Binance applied for a crypto license in Brazil ahead of an Oct. 30 deadline and Ripple secured final US regulatory approval to establish a national trust bank.
USDC overtakes USDT in euro trading as MiCA reshapes stablecoin marketCircle’s USDC has overtaken Tether’s USDt in stablecoin trading against the euro, capturing 56% of the market as European exchanges adjust to the EU’s Markets in Crypto-Assets Regulation (MiCA), according to Kaiko.
In a new report, Kaiko said USDC’s share has surged from just 10% in January 2024, with the shift accelerating after major exchanges restricted USDT trading for customers in the European Economic Area.
USDC has also gained a liquidity advantage, with euro trading order books now roughly 40% deeper than USDT’s. However, Tether remains the dominant stablecoin globally, with a circulating supply approximately 2.5 times larger than USDC’s.
The findings follow the European Banking Authority’s decision to classify USDC as the EU’s first significant e-money token under MiCA, placing it under direct regulatory supervision.
Kaiko suggested a similar shift could emerge in the United States as regulators implement the GENIUS Act. The Office of the Comptroller of the Currency recently finalized reserve and redemption requirements for supervised stablecoin issuers, effective January 2027.
Further restrictions on noncompliant stablecoins are scheduled for July 2028, potentially benefiting Circle while Tether pursues the US market through its separately regulated USAT stablecoin.
Binance files for Brazil crypto license ahead of Friday deadlineBinance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, Oct. 30.
The exchange submitted its application to the Central Bank of Brazil on Friday, Oct. 23, through its local entity, BBrasil, according to a statement shared with Cointelegraph.
The company said the filing would allow Brazilian users to continue accessing crypto assets, stablecoin trading, payments and investment services.
Binance has also announced changes for Brazilian users effective Tuesday, including restrictions on crypto lending, margin trading and other services. The exchange is also delisting 22 crypto assets in the country.
Brazil requires existing crypto service providers to submit authorization applications by Oct. 30 to continue operating under transitional arrangements. Filing an application does not constitute regulatory approval.
Ripple wins final US approval for national trust bankRipple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC).
The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025.
The federally supervised trust bank is authorized to manage reserves backing Ripple USD (RLUSD), act as collateral trustee for the benefit of RLUSD holders and provide digital asset custody services, according to Ripple.
RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s limited purpose trust company regulated by the New York Department of Financial Services.
“We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight,” Ripple CEO Brad Garlinghouse said on X on Monday.
USDC overtakes USDT in euro trading as MiCA reshapes stablecoin marketCircle’s USDC has overtaken Tether’s USDt in stablecoin trading against the euro, capturing 56% of the market as European exchanges adjust to the EU’s Markets in Crypto-Assets Regulation (MiCA), according to Kaiko.
In a new report, Kaiko said USDC’s share has surged from just 10% in January 2024, with the shift accelerating after major exchanges restricted USDT trading for customers in the European Economic Area.
USDC has also gained a liquidity advantage, with euro trading order books now roughly 40% deeper than USDT’s. However, Tether remains the dominant stablecoin globally, with a circulating supply approximately 2.5 times larger than USDC’s.
The findings follow the European Banking Authority’s decision to classify USDC as the EU’s first significant e-money token under MiCA, placing it under direct regulatory supervision.
Kaiko suggested a similar shift could emerge in the United States as regulators implement the GENIUS Act. The Office of the Comptroller of the Currency recently finalized reserve and redemption requirements for supervised stablecoin issuers, effective January 2027.
Further restrictions on noncompliant stablecoins are scheduled for July 2028, potentially benefiting Circle while Tether pursues the US market through its separately regulated USAT stablecoin.
Binance files for Brazil crypto license ahead of Friday deadlineBinance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, Oct. 30.
The exchange submitted its application to the Central Bank of Brazil on Friday, Oct. 23, through its local entity, BBrasil, according to a statement shared with Cointelegraph.
The company said the filing would allow Brazilian users to continue accessing crypto assets, stablecoin trading, payments and investment services.
Binance has also announced changes for Brazilian users effective Tuesday, including restrictions on crypto lending, margin trading and other services. The exchange is also delisting 22 crypto assets in the country.
Brazil requires existing crypto service providers to submit authorization applications by Oct. 30 to continue operating under transitional arrangements. Filing an application does not constitute regulatory approval.
Ripple wins final US approval for national trust bankRipple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC).
The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025.
The federally supervised trust bank is authorized to manage reserves backing Ripple USD (RLUSD), act as collateral trustee for the benefit of RLUSD holders and provide digital asset custody services, according to Ripple.
RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s limited purpose trust company regulated by the New York Department of Financial Services.
“We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight,” Ripple CEO Brad Garlinghouse said on X on Monday.