EUR-Backed Stablecoin Trade Volumes Hit Yearly High with Tenfold Surge

Quick Summary:

Sharp Rise in EUR-Backed Stablecoin Trade Volumes Reaches Yearly High Trade volumes of EUR-backed stablecoins have surged to unprecedented levels, increasing from $5 million in October to over $70 million in early November 2024, according to Kaiko, a leading crypto research firm, as reported by Unfolded on X.

The rise in volumes boosts liquidity for Euro-based trading pairs, benefiting traders and institutions operating within the European market.

EUR-backed stablecoins are gaining traction as efficient tools for cross-border payments.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: EUR-Backed Stablecoin Trade Volumes Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 12:30:54 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24092338

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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