European stablecoin boom thanks to MiCA 🌍

- The European cryptocurrency market in 2024 is witnessing strong growth thanks to euro-backed stablecoins. The MiCA regulation has boosted investor confidence and attracted large institutions.

- Monthly trading volume of euro stablecoins reached a record nearly €800 million in November. EURI from Banking Circle stands out after being listed on Binance, alongside EURC from Circle and EURCV from Société Générale, which together account for 91% market share.

- The European cryptocurrency market is also booming with weekly trading volume exceeding €12 billion, as Bitcoin reached a record high above $100,000. Exchanges like Bitvavo lead with 50% of euro trading volume. 📈