ChainCatcher message, according to CCData's latest stablecoin report, the market capitalization of European stablecoins declined in June due to the implementation of regulations in the crypto asset market (MiCA).The market capitalization of euro-based stablecoins decreased by 2.51%, reaching a new low of $307 million in 7 months. During this period, the market capitalization of Tether's EURT stablecoin fell by 26%, primarily due to its delisting from major exchanges like Bitstamp.

ChainCatcher news, Binance founder Zhao Changpeng responded to CoinDesk's article about "lawyers confused by the EU MiCA, Binance warns that multiple stablecoins will be delisted," stating that this is a matter taken out of context. "In fact, we have several partners launching euro and other stablecoins, of course in a fully compliant manner."ChainCatcher previously reported that Binance's legal head in France, Marina Parthuisot, stated at an online public hearing hosted by the European Banking Authority (EBA) that, given that no projects have been approved yet, there are plans to delist all European stablecoins by June 30 next year.