Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

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.

Circle’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.

Read more