The longer term is vivid for euro-denominated stablecoins, in response to Patrick Hansen, director of EU technique and coverage at Circle. The US greenback could retain its first-mover benefit, however euro stablecoins will see an increasing number of real-world use instances emerge to elevate them above their present meager market share, Hansen stated at EthCC in Paris.
Euro-denominated tokens at the moment make up 0.3% of the stablecoin market and are value $300 million. On the identical time, the euro occupies 20% of the standard financial system. It ranks second behind the US greenback in each instances and will keep in that place for a while. Hansen defined that the stablecoin market began with the greenback and that:
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