MiCA Regulations Affecting USDC: MiCA is the European Union’s digital asset legislation, requiring companies like Coinbase to comply with strict regulations, including a ban on offering interest rates for stablecoins.

User Reactions: Many users expressed their disappointment over the reduction of USDC yields, arguing that this is detrimental to their participation in the cryptocurrency ecosystem.

New Stablecoin Launch Announced: Former Binance executives recently announced the launch of a new stablecoin named EURøP, which differs from how Tether has stopped supporting Euro stablecoins.