The euro-denominated stablecoin market has doubled over the past year following the implementation of the EU’s Markets in Crypto-Assets Regulation (MiCA) in June 2024, according to new research from payments provider Decta.
The report highlights a significant turnaround for euro-backed tokens, which had previously seen a 48% contraction in the year before MiCA went live. The rebound suggests early regulatory clarity may be supporting broader adoption and liquidity.
By comparison, the total global stablecoin market grew only 26% during the same period. The study indicates euro stablecoins may be entering a new phase of relevance, especially within regulated European financial environments.
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