While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% since 2020.
While Circle has introduced the euro-pegged stablecoin, the market valuation is much lower than the top euro stablecoin contenders. There’s approximately 1,020,192 EUROC in circulation today after the company first issued 2,330 EUROC on June 30. Even though Circle’s euro-pegged crypto has a low market cap compared to EURT, EURS, and AGEUR, since June 30 EUROC’s overall valuation grew by 43,685%.Stasis euro increased 799.
Stasis euro has seen the most trade volume on August 1, 2022, with $13,273,109 in global trades, and Circle’s EUROC has recorded just over $127K in 24-hour trade volume. The number of euro-based stablecoins has increased a great deal since 2020 but since the first month of 2022, the quantity of euro-based stablecoins has declined by 14.17%.
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