EURC & USDC Emerge as Compliant EU Stablecoin Standards. MiCA's full entry into force across all 27 EU Member States has triggered a cascading USDT delisting wave (Revolut, Kraken, OKX — August 31 deadline), while Circle's EURC (+20.4% supply growth over 90 days) and USDC ($73.4B) emerge as the compliant alternatives. Simultaneously, the global stablecoin market has contracted from $319B to $309.7B over 90 days, masking a structural bifurcation : USDT dominates payments (-