The post Euro Stablecoins Witness Growth, Market Cap Doubles Under MiCA appeared on BitcoinEthereumNews.com. Key Points: Euro-denominated stablecoins’ market cap doubles since MiCA regulation. EURC and EURCV transaction volumes surge over 1000%. Significant search activity increase in Finland and Italy. Data from CoinGecko indicates euro-denominated stablecoins’ market capitalization doubled to $683 million since the EU’s MiCA regulation took effect, as reported by PANews on December 6. This growth, although notable, still lags behind the $300 billion in dollar stablecoins, highlighting a significant gap despite increased interest in euro-stablecoin markets. Euro Stablecoin Market Soars to $683 Million with MiCA Data from Coingecko reveals that euro-denominated stablecoins have doubled in market capitalization to approximately $683 million. This increase comes a year after the Crypto Asset Market Regulation (MiCA) came into effect in the European Union. Leading tokens like EURS, EURC, and EURCV contributed significantly to this growth. EURS saw a 6.44% increase in market cap, while transaction volumes for Circle’s EURC and Société Générale’s EURCV grew by 1139% and 343%, respectively. Despite the growth, euro stablecoins remain relatively small compared to dollar-denominated stablecoins, which hold a market cap exceeding $300 billion. The increased adoption of euro stablecoins suggests a gradual shift towards broader currency diversification in the stablecoin market. The significant uptick in search activity across the EU highlights growing interest in euro stablecoins. Finland experienced a 400% increase in searches, and Italy saw a rise of 313.3%. Responses from market participants have been guarded, with some investors showing cautious optimism about the continued growth and adoption of euro-denominated assets. Expert Insights and Historical Trends on Euro Stablecoins Did you know? Decta reported that the increased interest in euro-denominated stablecoins parallels a similar trend observed in 2021 when smaller cryptocurrencies also noted substantial growth following regulatory clarity in major markets. According to CoinMarketCap, STASIS EURO (EURS) currently holds a fully diluted market cap of $139.04 million,… The post Euro Stablecoins Witness Growth, Market Cap Doubles Under MiCA appeared on BitcoinEthereumNews.com. Key Points: Euro-denominated stablecoins’ market cap doubles since MiCA regulation. EURC and EURCV transaction volumes surge over 1000%. Significant search activity increase in Finland and Italy. Data from CoinGecko indicates euro-denominated stablecoins’ market capitalization doubled to $683 million since the EU’s MiCA regulation took effect, as reported by PANews on December 6. This growth, although notable, still lags behind the $300 billion in dollar stablecoins, highlighting a significant gap despite increased interest in euro-stablecoin markets. Euro Stablecoin Market Soars to $683 Million with MiCA Data from Coingecko reveals that euro-denominated stablecoins have doubled in market capitalization to approximately $683 million. This increase comes a year after the Crypto Asset Market Regulation (MiCA) came into effect in the European Union. Leading tokens like EURS, EURC, and EURCV contributed significantly to this growth. EURS saw a 6.44% increase in market cap, while transaction volumes for Circle’s EURC and Société Générale’s EURCV grew by 1139% and 343%, respectively. Despite the growth, euro stablecoins remain relatively small compared to dollar-denominated stablecoins, which hold a market cap exceeding $300 billion. The increased adoption of euro stablecoins suggests a gradual shift towards broader currency diversification in the stablecoin market. The significant uptick in search activity across the EU highlights growing interest in euro stablecoins. Finland experienced a 400% increase in searches, and Italy saw a rise of 313.3%. Responses from market participants have been guarded, with some investors showing cautious optimism about the continued growth and adoption of euro-denominated assets. Expert Insights and Historical Trends on Euro Stablecoins Did you know? Decta reported that the increased interest in euro-denominated stablecoins parallels a similar trend observed in 2021 when smaller cryptocurrencies also noted substantial growth following regulatory clarity in major markets. According to CoinMarketCap, STASIS EURO (EURS) currently holds a fully diluted market cap of $139.04 million,…