CoinMeta data: Affected by the MiCA legislation, USDC's share in euro-stablecoin transactions has risen to 56%, surpassing USDT. USDC has liquidity in euro-denominated transactions that exceeds that of USDT, with a order book depth about 40% higher. The global circulation of USDT is approximately 2.5 times that of USDC. The European Banking Authority has listed USDC as the first important digital currency token under the EU's MiCA framework.