96% of Dogecoin trading runs through Tether, just 0.13% through the euro
- —USDT accounts for $1.32 billion, or 96%, of DOGE turnover; excluding CoinUp.io the share is 90.91%
- —The euro accounts for 0.13% ($1.82 million) across four venues: Bitvavo, Kraken, Bit2Me and Coinbase
- —Euro DOGE spreads range from 0.0101% on Bit2Me to 0.0700% on Coinbase
- —ESMA requires EU providers to wind down services for unauthorised stablecoins by January 8, 2027
Why it matters: The thin euro market leaves DOGE exposed to the MiCA deadline, as EU providers phase out USDT pairs and complicate trading for European holders.
Source: CryptoTicker