MiCA's Impact: Uncertainty for USDT
Base is exploring the tokenization of $COIN to bring assets on-chain, Binance leads with 250M users compared to Bybit’s 60M and Gate’s 20M, and MiCA’s full implementation has raised compliance uncertainty for USDT in the EU, pushing users toward USDC, now trading at a premium.
Tokenizing Coinbase stock on Base Chain
Base chain developer jesse.base.eth tweeted that base chain is missioned to bring every asset, including Coinbase stock, to be accessible on chain.He wrote that there are no concrete plans right now. we are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to @base in a safe, compliant, future looking way.
Exchanges User number - its time to summarize and celebrate
At the end of 2024, interesting user statistics have been reported by major platforms: Binance has reached 250 million users, Bybit has 60 million, and Gate has 20 million. While OKX's user numbers are not publicly available, estimates place them in the range of 50 to 100 million.
USDT out from EU as MiCA comes into full effect
The European Union's Markets in Crypto-Assets (MiCA) regulation came into full effect from 2025, marking a significant shift in the region’s approach to cryptocurrency oversight.However, USDT the world’s largest stablecoin, has yet to receive certification for MiCA compliance. European regulators have remained silent on whether the stablecoin meets the new regulatory standards, creating uncertainty over USDT's future within the EU's single market.The market participants are clearly exchanging their USDT into USDC, as now USDC has a premium over USDT.
1Token’s Service
Rooted from crypto quant trading, 1Token's Crypto PMS, RMS and Portfolio Accounting Software has the unique trading know-how and technology capabilities to build:
- Up-to-date and high confidence connection to all crypto trading venues, across DeFi and CeFi
- Top-down, bottom-up crypto P&L calculations, and crypto fund reconciliation of top-down and bottom-up results
- Real-time crypto trading metrics calculation, monitor and alerts tailor-made for different types of crypto funds, crypto FoFs and crypto prime brokers
- T+0 crypto shadow NAV accounting system with subscription, redemption, dividend, cost accruals
Comments ()