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Euro Stablecoin Market Value Doubles After MiCA Takes Effect, But Still Lags Behind USD Stablecoins
Summary: According to Coingecko data, the market value of Euro stablecoins has doubled to approximately $683 million in the year since the European Union's Markets in Crypto-Assets Regulation (MiCA) took effect, but still lags significantly behind the over $300 billion market value of USD stablecoins. Additionally, a report on Euro stablecoin trends by London-based payment company ...
According to Coingecko data, the market value of Euro stablecoins has doubled to approximately $683 million in the year since the European Union's Markets in Crypto-Assets Regulation (MiCA) took effect, but still lags significantly behind the over $300 billion market value of USD stablecoins.
Additionally, a report on Euro stablecoin trends by London-based payment company Decta highlights recent growth in top tokens such as a 6.44% increase in EURS market value, as well as significant growth in Circle's EURC and Societe Generale's EURCV with trading volumes increasing by 1139% and 343% respectively.
Decta's research also reveals a significant increase in Euro stablecoin search activity across various EU countries, with Finland seeing a 400% increase, Italy with a 313.3% increase, and markets like Cyprus and Slovakia showing smaller but steady growth.
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Link: Euro Stablecoin Market Value Doubles After MiCA Takes Effect, But Still Lags Behind USD Stablecoins [Copy]
