The Stablecoin de Circle de Circle, Eurc, has reached a record offer as an assembly of American trade tensions and weakening the dollar a probable fuel request for digital assets labeled in euros.
The EURC offer increased by 43% in the last month, to 217 million tokens worth 246 million dollars, ranking above the world dollar of Paxos (USDG) and below the Ripple Rusd by market capitalization, according to Rwa.xyz data. Most EURC tokens are circulating on the Ethereum network, up 35% in a month to 112 million, while Solana experienced a fastest expansion of 75% to 70 million tokens. Base, Ethereum Coinbase Coin2, has also increased from 30% to 30 million in the EURC offer.
The token also experienced an increase in activity on the chain, active addresses increasing by 66% to 22,000 and the monthly transfer volume exceeding $ 2.5 billion, up 47% in one month, by Rwa.xyz.
EURC is currently the largest stablecoin in euros on the market, but it is far behind its counterparts denominated in dollars. The stablescoins pointed out in dollars represent 99% of the fast -growing stable market, led by the $ 58 billion USDC dollars of Circle and Rival Tether of $ 143 billion USDT.
The acceleration of the EURC growth could be a sign of growing demand for diversification of digital assets denominated in euros, in particular while global investors sail in increasing economic uncertainties in the United States with the large-scale price deployment of the Trump administration. The greenback has weakened 9% against the euro since the start of the year.
Xapo Bank, a Bitcoin -based financial service company, based in Gibraltar, reported a 50% increase in euros in euros in euros in the first quarter on Monday, exceeding the 20% increase in Stablecoin USDC deposits. Meanwhile, USDT deposits have decreased by more than 13%.
“This rapid increase in volume occurred in the midst of increasing concern about the future of the primary of the US dollar and the threat of an American recession while the markets were preparing for the expected day of Liberation ‘of Trump in April,” said the firm in the report.
The stablecoin exchange volumes between the pairs of foreign currency on decentralized exchanges based on Ethereum also skyrocketed to multi -year summits last week, dominated by the European dollar pair, according to blockworks data.
The EURC also benefited from the withdrawal of Tether from its stablecoin (EURT) supported by Euro with the EU -scale mica regulations this year, while a certain number of exchanges have struck the USDT for EU users to comply with the regulations, including Binance at the end of March.
