{"id":140498,"date":"2024-10-25T08:30:02","date_gmt":"2024-10-25T05:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140498"},"modified":"2024-10-24T17:20:40","modified_gmt":"2024-10-24T14:20:40","slug":"euro-backed-stablecoin-surges-past-e90-million-supply","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/euro-backed-stablecoin-surges-past-e90-million-supply\/","title":{"rendered":"Euro-Backed Stablecoin Surges Past \u20ac90 Million Supply"},"content":{"rendered":"<p>Currently at 91.8 million, EURC has a market cap of approximately $99.2 million.<\/p>\n<p>Patrick Hansen, Circle\u2019s Senior Director of EU Strategy and Policy, <strong><a href=\"https:\/\/x.com\/paddi_hansen\/status\/1849392677038514231\" target=\"_blank\" rel=\"nofollow\">noted<\/a> <\/strong>that EURC is now the largest euro stablecoin by market cap, having surpassed the \u20ac90 million mark. Following its launch in June 2022, EURC initially grew to about 80 million before declining and recently recovering.<\/p>\n<p>Base has quickly become the leading chain for EURC, hosting 44.5 million, while Ethereum has 40 million. After becoming the first global stablecoin issuer licensed under the EU\u2019s Markets in Crypto Assets (MiCA) regulations in July, Circle has seen EURC\u2019s supply grow by over 2.5 times.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/xrp-could-surpass-ethereum-in-market-cap-by-2025-analyst-predicts\/\" title=\"XRP Could Surpass Ethereum in Market Cap by 2025, Analyst Predicts\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/12\/ethereum-ripple-xrp-gID_1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">XRP Could Surpass Ethereum in Market Cap by 2025, Analyst Predicts<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Tether\u2019s euro stablecoin, EURT, is the second-largest, with a supply of 25.6 million, but its status in the EU is uncertain due to concerns about MiCA. Despite EURC\u2019s gains, U.S. dollar-denominated stablecoins remain dominant, with Tether\u2019s USDT making up 71% of the market. Hansen emphasized that while the euro is gaining traction, it still needs more liquidity and utility to expand its adoption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle&#8217;s euro-backed stablecoin, EURC, has reached an all-time high supply of over 90 million, driven by growth on Coinbase&#8217;s Ethereum Layer 2 network, Base.<\/p>\n","protected":false},"author":3,"featured_media":36724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-140498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euro-Backed Stablecoin Surges Past \u20ac90 Million Supply<\/title>\n<meta name=\"description\" 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