币界网报道：The European Union is seeing a surge in USD-backed stablecoin usage as U.S. regulatory uncertainty pushes crypto firms to seek alternatives, according to a Moody’s report. The EU’s Markets in Crypto-Assets (MiCA) regulation, set to take full effect in December 2024, provides clearer rules for stablecoin issuers compared to the U.S., where legislative delays persist. Major stablecoins like Tether (USDT) and USD Coin (USDC) are increasingly being traded in Europe, with USDC issuer Circle recently obtaining an EMI license in France. Moody’s analysts note that MiCA’s stringent reserve and transparency requirements could enhance trust in stablecoins, though challenges remain in cross-border interoperability and liquidity management. The report suggests that U.S. regulatory stagnation may further drive crypto innovation to jurisdictions with more defined frameworks.