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The market capitalization of euro stablecoins reaches a record high of $774.2 million, with 66% issued on Ethereum.
ME News Report, May 14 (UTC+8), according to Token Terminal data, as of May 13, the total on-chain market capitalization of euro stablecoins reached a record high of $742.2 million. Ethereum dominates the euro stablecoin ecosystem, accounting for 66.2% of all tokenized euro stablecoins. The growth in euro stablecoin adoption reflects the increasing demand in the EU market for blockchain-based fiat currency alternatives, with multiple issuers and public chains competing for market share. (Source: ChainCatcher)