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Euro Stablecoins market cap reached nearly $ 500m as EUR/USD rivals H1 acquired by BTC


The Euro-US Dollar Exchange (EUR/USD)The most rolling pair of foreign exchanges in the world, climbed 12.88% in the first half, which further renews the NASDAQ and S&P 500 and almost competing with Bitcoin

14.8% increase, according to data source tradingview.

Euro’s strength increased the appeal of stablecoins with values ​​that are euro.

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The aggregate cap of the 21 Euro-Pegged Stablecoins market cap Monitor Data Source Coingecko rose 44% from $ 310 million to $ 480 million. The leading growth is the US EURC Stablecoin listed in the US, whose market cap rose 138% to $ 200.36 million.

“One of my bets trades this year is to move my entire Stablecoin stack from USDC/USDT to an euro-denominated stablecoin like EURC. Up 13% on the dollar value in less than 5 months,” legend, the pseudonymous host of modern market shows, revealed in x.

While the demand for euro-pegged stablecoins Market value of $ 254.88 billion.

EUR/USD rose from 1.0354 to nearly 1.17, pressing the highest since September 2021. The uprising is characterized by a Breakdown in relation between the exchange rate and the difference between Fed and ECB interest rates, as well as a Widely based on transition from the US dollar.

The 90-day coefficient of correlation between EUR/USD and Bitcoin has recently jumped at 0.62, the highest since February 2024, indicating a moderate positive relationship between the two.

The cap of the Euroc market. (Coingecko)

The cap of the Euroc market. (Coingecko)



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