Euro-Pegged Stablecoin Supply Sets Record at €751M
Euro-pegged stablecoins have never held this much value. Supply climbed to a record €751 million, leapfrogging the February 2022 peak of €637 million, according to Cointelegraph. Circle's EURC and Société Générale's EURCV do the heavy lifting, together controlling 83% of the market.
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Euro-pegged stablecoins just notched their biggest supply on record. The category hit €751 million, clearing the previous high of €637 million set back in February 2022, according to Cointelegraph. That puts the new mark €114 million above the old one.
The market is top-heavy. Circle's EURC and Société Générale's EURCV together make up 83% of all euro-pegged stablecoin supply, Cointelegraph reported. Every other euro token in circulation splits the remaining 17%.
TopicsCircle · EURC · Société Générale · EURCV · Cointelegraph
Source: x.com
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