Home Euro Stablecoin Market Cap Doubles One Year After MiCA, Study Shows

Euro Stablecoin Market Cap Doubles One Year After MiCA, Study Shows

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Euro Stablecoin Market Cap Doubles One Year After MiCA
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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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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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