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Stablecoin Market Tops $200 Billion Amid MiCA Changes and Strategic Partnerships: CCData

The stablecoin market reached a milestone of crossing $200 billion in total market capitalization for the first time in December 2024, as stated in CCData's Stablecoins & CBDCs Report. This growth signifies the expanding role of stablecoins in the digital asset ecosystem, despite increased regulatory pressures. The report also mentions Tether's decision to end support for Euro Tether (EURT) due to compliance requirements and declining demand. Additionally, a significant partnership between Circle and Binance aimed at expanding adoption of USD Coin (USDC) contributed to its market capitalization reaching its highest level since December 2022. Coinbase's decision to restrict certain stablecoins for its European users ahead of regulatory implementation also highlights the growing importance of compliance in the sector.

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