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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)
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Link: Euro Stablecoin Market Cap Rises to Nearly $500 Million, Circle EURC Leads with 138% Surge [Copy]