Circle Executive: EURC market cap breaks through 50 million euros, may soon become the number one euro stablecoin by market value
Circle's Senior Head of EU Strategy and Policy, Patrick Hansen, posted on X stating that according to DefiLlama data, the market capitalization of EURC has exceeded 50 million euros. In the past week, the market value of EURC has increased by 36%, mainly due to its launch on the Base chain (where there is already about 8 million euros in EURC) and growth on the Ethereum chain. At this rate, EURC will soon become the euro stablecoin with the highest market value. For reference: EURC is already the largest MiCA-compliant euro stablecoin. Although AEUR currently has a higher market cap, it has now stopped issuing and redeeming due to FlowBank's bankruptcy in Switzerland.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US insurance company Orion180 Insurance Group (OIG.US) to list on Nasdaq tonight, IPO priced at $12 per share, significantly below its offering range
Orion180 Insurance Group (OIG.US) has announced its IPO pricing terms, offering 20 million shares at $12 per share, raising $240 million, which is below the previously expected range of $15 to $17 per share.
Bank of Japan Governor: Will continue to raise interest rates depending on circumstances; Middle East situation, AI demand, and exchange rates are key variables.
Kazuo Ueda stated that the underlying price trend is steadily approaching the 2% policy target. With both corporate wage increases and pricing behaviors becoming more positive, there is a risk that the inflation rate may exceed the target. He mentioned that there is no predetermined idea on the specific pace of rate hikes; policy decisions will be made after thorough discussions at each meeting, taking into account the timing and pace of any policy adjustments.
Pokémon card sales restriction triggers a "roller coaster": Japan's second-hand marketplace Mercari plunges before rebounding, Citigroup calls it "oversold"
A trading restriction on Pokémon cards has caused significant volatility in the share price of the Japanese online trading platform Mercari.
Middle East conflict pushes up inflation, ECB may "stand pat" until final rate hike in December
Due to rising oil and gas prices driven by Middle East conflicts and heightened inflation expectations, the European Central Bank may implement its final rate hike of this cycle in December.
Crypto prices
More
