Euro stablecoin market value rises to nearly $500 million, Circle EURC leads the way with a 138% gain

Odaily Planet Daily News: Due to the 12.88% increase in the euro against the US dollar in the first half of the year, the popularity of euro-anchored stablecoins has increased. Coingecko data shows that the market value of 21 euro stablecoins has increased from US$310 million to US$480 million, an increase of 44%, of which the market value of EURC issued by Circle has increased by 138% to US$200 million. Despite this, the market value of euro stablecoins is still less than 1% of that of US dollar stablecoins. The 90-day correlation coefficient between EUR/USD and BTC rose to 0.62, a year and a half high. (CoinDesk)