Express

Euro Stablecoin Market Cap Rises to Nearly $500 Million, Circle EURC Leads with 138% Surge

Summary: According to reports, the popularity of Euro-pegged stablecoins has increased due to a 12.88% rise in the Euro to USD exchange rate in the first half of the year. Coingecko data shows that the market cap of 21 Euro stablecoins has increased from $310 million to $480 million, a 44% surge, with Circle's EURC seeing ...

According to reports, the popularity of Euro-pegged stablecoins has increased due to a 12.88% rise in the Euro to USD exchange rate in the first half of the year. Coingecko data shows that the market cap of 21 Euro stablecoins has increased from $310 million to $480 million, a 44% surge, with Circle's EURC seeing a 138% increase to $200 million. However, the market cap of Euro stablecoins still accounts for less than 1% of USD stablecoins. The 90-day correlation coefficient between EUR/USD and BTC has risen to 0.62, a new high in a year and a half. (CoinDesk)

Last Update:

Tags:
Link: Euro Stablecoin Market Cap Rises to Nearly $500 Million, Circle EURC Leads with 138% Surge   [Copy]
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 2 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 3 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 5 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 6 days ago
  • Bitcoin Surges to New Highs, Momentum Points to Further Gains 10 days ago
  • You need to login to comment.