Circle executive: EURC market cap breaks through 50 million euros, or soon becomes the first euro stablecoin in market capitalization
2024-08-19 21:32:15
Patrick Hansen, senior head of strategy and policy at Circle European Union, said in a statement that based on DefiLlama data, the market value of EURC has exceeded 50 million euros.
The market value of EURC has risen by 36% in the past week, mainly due to the launch on the Base chain (which already has about 8 million EURC on the chain) and the growth on the Ethereum chain.
At this rate, EURC will soon become the leading euro stablecoin by market capitalization.
For reference: EURC is already the largest MiCA compliant euro stablecoin. Although AEUR is currently worth more, it has now stopped issuing and redeeming due to the bankruptcy of FlowBank in Switzerland.
The market value of EURC has risen by 36% in the past week, mainly due to the launch on the Base chain (which already has about 8 million EURC on the chain) and the growth on the Ethereum chain.
At this rate, EURC will soon become the leading euro stablecoin by market capitalization.
For reference: EURC is already the largest MiCA compliant euro stablecoin. Although AEUR is currently worth more, it has now stopped issuing and redeeming due to the bankruptcy of FlowBank in Switzerland.
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