Euro stablecoin market cap hits a record high of 774.2 million USD, with 66% issued on Ethereum
ChainCatcher reports, according to Token Terminal data, as of May 13, the total on-chain market capitalization of euro stablecoins has reached a historic high of $774.2 million. Ethereum dominates the euro stablecoin ecosystem, accounting for 66.2% of all tokenized euro stablecoins.
The growth in euro stablecoin adoption reflects a steadily increasing demand in the EU market for blockchain-based fiat alternatives, with multiple issuers and blockchains competing for market share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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