According to Kaiko Research, since parts of the European Union's Crypto Asset Markets Act (MiCA) came into force in June this year, compliant euro stablecoins such as Circle's EURC and Socie ́ te ́ Ge ́ ne ́ rale's EURCV have accounted for 67% of the euro stablecoin market. The report notes that Coinbase has overtaken Binance as the leading platform for trading EUR stablecoins, which promote non-compliant stablecoins primarily for non-European users. Additionally, despite the market share shift, weekly trading volume for EUR stablecoins has remained around $30 million since June, down sharply from $100 million in March.