According to Odaily Planet Daily, Patrick Hansen, senior head of EU strategy and policy at Circle, said that based on DefiLlama data, the EURC market value has exceeded 50 million euros.
EURC’s market capitalization has risen 36% in the past week, mainly due to growth on the Base chain and the Ethereum chain.
EURC is already the largest MiCA-compliant Euro stablecoin. Although AEUR has a higher market cap, it has stopped issuing and redeeming due to the bankruptcy of FlowBank in Switzerland.