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Why the Dollar’s Decline is EURC’s Gain
One of the biggest reasons for EURC’s meteoric rise is the dollar’s unfortunate habit of losing value faster than a melting ice cream cone. Since January, the dollar has been on a downward spiral against the euro, dropping from $0.98 to $0.88. Tariff tensions? Inflation fears? Take your pick—it’s a buffet of bad news for the greenback.
EURC has also been basking in the glow of its full compliance with the EU’s MiCA regulations. These rules, which are about as strict as a librarian during finals week, forced Tether’s USDT and EURT to pack their bags and leave the European market. With USDT being the big fish in the stablecoin pond, this exit has left European investors scrambling for a euro-denominated alternative. Enter EURC, stage left.
But let’s not get carried away. Despite EURC’s rise, USD-backed stablecoins still rule the roost, accounting for a whopping 99% of the $226 billion global stablecoin supply. Tether’s USDT alone controls 63%, or $143 billion. So, while EURC is making waves, it’s still a minnow in a sea of whales. 🐋
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2025-04-15 16:11