Euro-Backed Stablecoins on the Rise 🚀

- Euro-backed stablecoins are key to growth in the European crypto market in 2024, driven by MiCA regulations.

- Monthly volumes hit a record high of almost €800 million in November, with Banking Circle’s EURI listed on Binance.

- MiCA boosted investor confidence, spurring liquidity and institutional interest. But Tether’s withdrawal of EURT backing highlights regulatory challenges.