🚀 Europe is booming with crypto! The Euro is gradually taking over with trading volumes exceeding the average of 2023. 📈

- The Euro is the 3rd most traded fiat currency in crypto in 2024, accounting for 7.5% of the market share.

- MiCA-compliant stablecoins are dominating the market, with Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI accounting for 91% of the market share.

Tether has stopped supporting EURT, but euro-backed stablecoins continue to grow strongly, reaching nearly $800 million in November. 💪

Binance is also emerging, nearly catching up to Coinbase's market share after listing EURI. 🏆

What do you think about this development? Share your thoughts! 💬