“The Combined Market Cap of Eur-Pegged Stablecoins Has Grown by 44%, with Circle’s Eurc Leading the Increase With A 138% Rise.”, – WRITE: www.coindesk.com
14.8% RISE, accounting to data Source TradingView.
The Strenguth of the European Has Increated the Appeal of Stablecoins with Values pegged to the European.
The Cumulative Market Cap of 21 Euro-PEGGED STABLECOins Tracked by Data Source Coingcko Has Increated 44% from $ 310 Million to $ 480 Million. Leading the Growth is the US-Listed Circle’s Eurc Stablecoin, Whose Market Cap Has Increated by 138% to $ 200.36 Million.
“One of My Bets Trades this Year Was to Move My Entire StableCoin Stack from USDC/USDT INTO A European-Denominated Stablecoin Like Eurc. Up 13% in Dollar Valyae. Host of the Modern Market Show, Announced on X.
While the Demand for European-Pegged Stablecoins Has Increated, Their Combined Market Cap Remains Less than 1% of that of Dollar-Pegged Stablecoins, Wich Boast A Cumulat.
EUR/USD HAS RISEN FROM 1.0354 to Nearly 1.17, Hitting The Highest Since September 2021. The Upswing Is Characterized by a Breakdown in the Correlation Between theater Ante Ande. Interest Rates, As Well As A Broad-Based Shift Away from The US Dollar.
The 90-Day Correlation Coefficient Between Eur/USD and Bitcoin Has Recently Jumped to 0.62, The Highest Since February 2024, Indicating A Moderate Positive Correlation Between.
Euroc’s Market Cap. (Coingcko)
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