Circle’s euro-pegged stablecoin, Euro Coin (EURC), is experiencing rapid market-cap growth as investors flock to MiCA-compliant alternatives.
The market cap of Circle’s Euro Coin (EURC), a euro-pegged stablecoin, is growing quickly as the ongoing trade war pushes the US dollar price lower.
“In recent weeks, interest in the euro has grown tremendously” and “this interest has not escaped the Circle EURC stablecoin,” Obchakevich Research founder Alex Obchakevich wrote in a recent X post.
The euro has risen by 2.2%, reaching its highest price since February 2022 at its current price of $1.13.
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