Euro stablecoin market set to take off, because of real-world makes use of, regulatory readability — Circle exec

The long run is shiny for euro-denominated stablecoins, based on Patrick Hansen, European Union technique and coverage director at Circle. The USA greenback might protect its first-mover benefit, however euro stablecoins will see growing real-world use instances emerge to carry them above their present meager market share, Hansen stated at EthCC in Paris.

Euro-denominated tokens presently characterize 0.3% of the stablecoin market and are value $300 million. On the similar time, the euro occupies 20% of the standard financial system. It’s in second place to the U.S. greenback in each cases and will keep in that place for some time. Hansen defined that the stablecoin market started with the greenback, and that:

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