Circle’s EURC Stablecoin Hits Record Supply as Crypto Investors Seek Dollar Diversification

Circle’s EURC Stablecoin Hits Record Supply as Crypto Investors Seek Dollar Diversification

The largest euro stablecoin's supply soared to 217 million driven by growth on Ethereum, Solana and Base networks, data shows.

Trade Volatility Drives Euro Stablecoin Demand

Geopolitical concerns, inflation, and changing trade policies are driving more volatility in world financial markets. Euro-denominated stablecoins are becoming a consistent answer for companies and investors looking for a consistent store of value and flawless cross-border transactions in this volatile climate.  Along with changing the scene for stablecoins, this increasing demand is hastening the acceptance of blockchain technology throughout E…

Circle's EURC hits record $246M supply as traders flee the dollar

Circle's EURC has reached an all-time high in supply, as European traders look to EURO-backed stablecoins.

Circle’s EURC hits record $246M supply as traders flee the dollar

The Euro-based stablecoin market is growing as traders move away from the dollar amid trade uncertainty. Europe’s stablecoin market is slowly shifting away from the dollar. On Tuesday, April 15, Circle’s EURC stablecoin hit an all-time high supply of $248 million in supply . This makes it the larges...

EURC's current supply of stable EURC increased by 43% in one month, driven by the fall in the dollar and US economic instability. EURC now stands at 246 million dollars. On-chain activity explodes: +66% of active addresses and +47% of transfer volume, with a marked adoption on Ethereum, Solana and Base. EURT's withdrawal, USDT restrictions in Europe and Circle's compliance with the MiCA regulation place EURC at the top of euro-backed stablecoins…

The rise of EURC, Circle’s euro stablecoin, is a record record in the midst of trade tensions and the fall of the dollar. *** Circle’s euro-backed stablecoin grows by 43% in a month, surpassing USDG. The volume of monthly transfers exceeds USD 2.5 billion. Demand is triggered by the weakness of the dollar and tensions with the US. Amid an increasingly volatile macroeconomic environment and growing trade tensions between the US and its global par…