As reported by Coindesk, the institutional newsletter Crypto Long & Short highlights the potential for euro stablecoins to grow significantly in the coming years. Despite currently representing only about $600 million in the $300+ billion stablecoin market, euro stablecoins are seen as a logical next step as tokenized finance expands. With the euro being the second-largest currency and the eurozone a $16 trillion economy, the shift to on-chain settlements could support a euro stablecoin ecosystem worth hundreds of billions. The article also covers the Fusaka Ethereum upgrade, Bitcoin ETF developments, and market volatility following the post-holiday selloff.
Euro Stablecoins May Soon Challenge Dollar Dominance Amid Growing Tokenized Finance
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