Newly implemented MiCA regulations cause Euro stablecoin market value to drop 2.51%

According to the latest stablecoin report from CCData, the market value of European stablecoins has decreased in June due to the implementation of MiCA regulations in the cryptocurrency market. The market value of stablecoins based on the euro has dropped by 2.51%, reaching a new low in seven months at $307 million, the lowest since November 2023. During this period, Tether's EURT stablecoin market value has dropped by 26%, mainly due to delisting from major exchanges such as Bitstamp.