Euro-Pegged Stablecoins Surge as Europe Eyes Crypto Expansion

Kaiko data reveals that crypto trading is experiencing increased adoption in the European market. Since the beginning of the year, the volume of Euro-backed stablecoins has grown, signaling increased adoption in European markets. Europe is set to issue new cryptocurrency regulations to bolster its stablecoin sector and potentially rival the U.S. and APAC cryptocurrency markets. […]

The post Euro-Pegged Stablecoins Surge as Europe Eyes Crypto Expansion appeared first on Coin Edition.

Euro-Pegged Stablecoins Surge as Europe Eyes Crypto Expansion

  • Kaiko smart data indicates increased adoption of crypto trading in Europe.
  • Europe is set to introduce new cryptocurrency regulations to strengthen its stablecoin sector.
  • Euro-pegged stablecoins have achieved record trading volumes, but USD-backed stablecoins dominate the crypto space.

Kaiko data reveals that crypto trading is experiencing increased adoption in the European market. Since the beginning of the year, the volume of Euro-backed stablecoins has grown, signaling increased adoption in European markets.

Europe is set to issue new cryptocurrency regulations to bolster its stablecoin sector and potentially rival the U.S. and APAC cryptocurrency markets.

Last week, Binance outlined plans to delist stablecoins that fall short of the bloc’s Markets in Crypto Assets (MiCA) standards. Similarly, the popular cryptocurrency exchange Kraken will restrict stablecoins that fail to meet European Union standards.

Since the start of March, Euro-pegg…

The post Euro-Pegged Stablecoins Surge as Europe Eyes Crypto Expansion appeared first on Coin Edition.