Circle’s EURC grows as trade war pushes euro higher — Analyst

Quick Summary:

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.

Still, he expects the Euro Coin to keep growing:“EURC will continue to grow through integration with various payment systems and blockchains.“The analyst said that after launching on Ethereum, Euro Coin was also deployed on Avalanche, Base, Stellar, Sonic and Solana, leading to a growing supply.

This will be further impacted by MiCa regulatory support and economic challenges.“Related: Digital euro to be ‘most private electronic payment option’MiCA works in Circle’s favorEuro Coin and USDC (USDC) issuer Circle is reaping the rewards of its regulatory-friendly strategy.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United States

Topics: Stablecoin Price Dollar Coin Obchakevich Euro European Trade Growing Million Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 15:39:06 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27867875

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