★Dollar still king as euro stablecoin volumes halve. Here‘s why, say analysts
"The halving of euro stablecoin volumes underscores the enduring dominance of USD-pegged assets as the primary liquidity rails and unit of account in crypto markets. This trend reinforces capital concentration in dollar-denominated instruments, potentially hindering broader institutional adoption of non-USD stablecoins as a gateway for diverse fiat on/off-ramps and cross-border settlement. It also highlights persistent regulatory fragmentation and market depth challenges outside the dollar ecosystem."
The Big Coin Report Take
Apparently, the euro stablecoin market is performing exactly as expected, which is to say, poorly. Analysts are now explaining why nobody wants a digital euro when the dollar still reigns supreme. Some things, it seems, never change.
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