Euro-Pegged Stablecoin Supply Hits Record €751 Million
JH Kim
Summary
- Euro-pegged stablecoin supply hit a record €751 million.
- In the euro stablecoin market, Circle (EURC) and Société Générale (EURCV) account for 83% of the market by supply.
- The two stablecoins have a combined supply of about €623.33 million, far exceeding the supply of other euro stablecoins.
Forecast Trend Report by Period
The supply of euro-pegged stablecoins has climbed to a record €751 million.
Cointelegraph reported on November 9 that the total supply of euro stablecoins reached €751 million. That surpassed the previous record of €637 million set in February 2022.
Circle's EURC and Société Générale's EURCV currently account for 83% of the euro stablecoin market by supply.
Their combined supply stands at about €623.33 million, far exceeding that of the remaining euro-pegged stablecoins.
JH Kim
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