stable coins
By Julie Binoche
1 / 15
Argentina's Lemon Clocks $9.3 Billion. Take Argentina. Lemon, a crypto platform operating there, processed $9.
2 / 15
OKX Europe Already Moved On. Erald Ghoos of OKX Europe put it bluntly: his platform stopped offering USDT to European users…
3 / 15
Binance Smart Chain and Tron See More Users. Artemis Analytics data also shows a meaningful rise in daily active users on chains like Binance…
4 / 15
Revolut is cutting USDT. Starting after August 31, the fintech giant will no longer offer the world's largest stablecoin to its European user base — a direct response to the EU's…
5 / 15
It's a big move. Revolut has millions of European users, and USDT is by far the most traded stablecoin on the planet.
6 / 15
Take Argentina. Lemon, a crypto platform operating there, processed $9.3 billion in 2025 — a 60% jump from the prior year. That's not traders speculating on price swings.
7 / 15
And Argentina isn't alone. Across Latin America and other emerging markets, stablecoin usage keeps climbing.
8 / 15
Erald Ghoos of OKX Europe put it bluntly: his platform stopped offering USDT to European users well before the MiCA deadline. Not months before — roughly two years before.
9 / 15
Maksym Sakharov of WeFi made a similar point, saying regulation is changing how people access stablecoins rather than killing the appetite for them.
10 / 15
Read also: Coinbase Integrates Hyperliquid’s 290+ Perpetual Futures but Blocks US Users
11 / 15
That's basically the split MiCA has created. In Europe, the regulated platforms are pulling USDT off the shelf. Outside Europe, it's a different story entirely.
12 / 15
That's probably not a coincidence. As MiCA squeezes availability through regulated European platforms, users who want dollar-denominated stablecoins may simply find other routes.
13 / 15
Euro-denominated stablecoins are getting more attention too, at least among institutions. There's a logic to it — European users transacting in euros wouldn't need to worry about…
14 / 15
Related: Coinbase Integrates Hyperliquid Perps into Base App, Excluding US, UK, and Canada Users
15 / 15
So what does this all add up to? MiCA is real, its effects on European platforms are real, and Revolut's decision to delist USDT is a concrete example of regulation reshaping…
The Currency Analytics
Want the full story?