Euro-Backed Stablecoins Hit €800M Volume Amid MiCA Boost

Quick Summary:

With the help of the Markets in Crypto-Assets Regulation (MiCA), euro-backed stablecoins became a major force in the expansion of the European cryptocurrency sector in 2024.

After gaining interest from regional institutional investors and liquidity providers, these coins set a new monthly volume record.

The increasing institutionalization of Bitcoin and the loosening of regulatory constraints are the causes of this expansion.

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Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets: United Arab EmiratesNetherlands

Topics: Altcoin Market News Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 15:58:19 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 24611281

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 28 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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