Circle -backed EURC Token’s supply, has made significant increase in the last month. While the total supply increased by 43 %, 217 million token reached, while the total value reached approximately 246 million dollars. This development points to the effects of global commercial tensions and weakened dollars.
Mica and EURC
The majority of Eurc tokens circulated in Ethereum, Solana and Coinbase Base networks. The number of tokens in Ethereum increased by 35 %, 75 %in Solana and a Base network 30 %. Token transfer volume increased to more than 2.5 billion dollars on a monthly basis and a growth of 47 %was observed.
Global economic uncertainties and the US tariff policies may cause investors to diversify in their portfolios. The depreciation of the dollar against the euro leads to an increase in demand for alternative crypto asset options. This points to the process of adapting to the current economic conditions of the market. At the same time, the exclusion of USDT from the region due to Mica triggered the EURC demand. Crypto platforms operating in the region are in great interest as Circle’s stablecoin.
Market and Regulatory Steps
Dollar -based stablecoins still in the market, EURC has increased to the largest euro -based Token. While some platforms delist certain tokens in line with regulatory requirements, the decrease in use for the euro -based token of Tether is remarkable. Ethereum-based decentralized stock exchanges increased the volume of exchange between exchange couples, the EUR-USD parity came to the fore.
Reports reveal that XAPO Bank has increased by 50 %in Euro deposits in the first quarter. This increase is parallel to the 20 %rise in USDC deposits and more than 13 %decrease in USDT deposits.
“This rapid increase in volume took place in an environment in which the markets of Trump plans to realize in April, while the US dollar’s superiority and the threat of the US threat of recession.” – Xapo Bank’s previous statement
The observed data reflect that the market is trying to adapt to economic uncertainties with the increase in interest in Euro -based crypto assets. Increased token supply and trading volume may be effective in investors’ assessment of different digital asset alternatives.
The developing market dynamics offer new alternatives that investors should pay attention to when making portfolio diversification. Regulatory steps and economic fluctuations can provide significant data in the creation of long -term strategies. Investors are trying to step in the light of market arrangements and economic indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
