USDC dominantes EUR stablecoin market, surpassing USDT
As the interest rate environment has changes, the market of EUR stablecoin issuers has changed significantly. Circle Internet Financial has become the largest EUR-backed stablecoin (EURC) issuer on the market, surpassing Tether’s EURT and Stasis’ EURS stablecoins. According to Kaiko’s newsletter, EURC’s market share among other stablecoin s in total USD volume surpassed 65% in October 2023, a year and a half after Circle launched the stablecoin . EUR stablecoin market share | Source: Kaiko However, cryptocurrency aggregators show a slightly different picture. According to CoinGecko, Stasis’ EURS is the largest EUR-backed stablecoin, with approximately $133 million in market capitalization. EUR stablecoins by market cap | Source: CoinGecko EURC took the second place with $54.8 million, followed by EURT with roughly $39 million. It is unclear if CoinGecko takes into account liquidity on a multi-chain level. You might also like: Circl...