Hello, crypto enthusiasts! 🌟
The adoption of cryptocurrencies in Europe is on the rise, and stablecoins are complying with MiCA regulations, capturing a large part of the market. A report from Kaiko and Bitvavo reveals that trading volumes in euros exceeded the average of 2023, with peaks in March and November.
Although Tether stopped supporting its stablecoin EURt, euro-backed stablecoins are thriving. Circle, Societe Generale, and Banking Circle dominate with 91% of the market.
What do you think about this change in the European market? Comment below!