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EUR anchored stablecoin supply rises to 751000000 EUR, surpassing the February 2022 peak.
The supply of EUR-pegged stablecoins has reached 751000000 EUR, hitting an all-time high.
PANews November 10 reports that, according to Cointelegraph data, the supply of EUR-pegged stablecoins has reached a record 751000000 EUR, surpassing the previous peak of 637000000 EUR in February 2022. Circle's EURC and Société Générale's EURCV account for 83% of the market share.
Source: https://www.panewslab.com/zh/articles/01a1c303-25c1-776c-a4bd-3620dceb8b5d
According to Cointelegraph data, the supply of EUR-pegged stablecoins reached 751000000 EUR.
This supply exceeds the peak of 637000000 EUR in February 2022.
EURC and EURCV together account for 83% of the market share.
The following is analysis, separate from reported facts. Verify important claims independently.
Stablecoins are digital tokens that typically seek to peg the value of an underlying asset. The data here shows that the total supply of EUR-pegged stablecoins has reached an all-time high, but the evidence does not indicate the actual usage of these tokens.
The EUR stablecoin market has expanded from its previous peak, with EURC and EURCV holding significant market shares; it is worth continuing to monitor changes in their respective supplies and shares.
This helps understand the changes in the size of the EUR digital asset market, but supply does not equal actual trading or usage.
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An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
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View glossary →This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →This term is not in the glossary yet. Browse related concepts in the glossary.
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