According to CCData, Binance's stablecoin trading volume reached $626 billion in December up to the 17th. The trading is heavily dominated by USDT, which accounts for 73.3% of the volume. FDUSD follows with 19.7%, and USDC holds 6.93%. Euro-backed stablecoins, such as EURT, represent a minimal portion, contributing only 0.03% to the trading volume.

According to CCData, Binance's stablecoin trading volume reached $626 billion in December as of the 17th. USDT leads with a 73.3% market share, followed by FDUSD with 19.7% and USDC with 6.93%. Euro-backed stablecoins, like EURT, remain marginal, contributing only 0.03% to the trading volume.

According to CCData, Tether has announced that it will cease support for its Euro Tether (EURT) stablecoin. The decision is attributed to the stringent compliance requirements under the Markets in Crypto-Assets (MiCA) regulation and a decrease in market demand. As a result, the market capitalization of EURT fell by 0.47% to $26.9 million in December, marking the 13th consecutive month of decline.