The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020

While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months.

Stasis euro (EURS) increased 799.42% since June 5, 2020, but AGEUR’s market valuation did the opposite, dropping 74.94% from 177 million AGEUR to today’s $44.34 million worth of AGEUR. Tether’s EURT and Angle Protocol’s AGEUR have roughly the same amount of 24-hour trade volume, as EURT has seen $1,451,459 in 24-hour trades and AGEUR recorded $1,492,259 in global swaps.

What do you think about the growth of euro crypto tokens in the stablecoin economy? Let us know what you think about this subject in the comments section below.

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