In accordance with Patrick Hansen, Circle’s director of European Union technique and coverage, the way forward for euro stablecoins is shiny. The US greenback might retain its management benefit, however real-world use of euro stablecoins will enhance to extend their present slim market share, Hansen stated. stated EthCC in Paris.
Euro-denominated tokens presently account for 0.3% of the stablecoin market and are value $300 million. On the identical time, the euro occupies 20% of the standard financial system. In each instances, it’s second solely to the US greenback and should stay on this place for a while. Hansen defined that the stablecoin market began with the greenback and that:
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