✏️ In a report by Decta, the market capitalization of euro-denominated stablecoins doubled one year after the June 2024 rules took effect. #EURS, #EURC and #EURCV led the growth. Monthly transaction volume grew from $383 million to $3.8 billion (~9x).
Despite this, euro-stablecoins have a capitalization of ~$680 million, well below the $300 billion of US dollar pegged stablecoins. coindesk