Euro-Backed Stablecoins Flourish Post-MiCA, Hit €800M Monthly Volume

Euro-Backed Stablecoins Flourish Post-MiCA, Hit €800M Monthly Volume

In 2024, the Markets in Crypto-Assets Regulation (MiCA) propelled the acceptance of euro-backed stablecoins to previously unheard-of heights. These stablecoins have become essential tools in the European cryptocurrency market as investor trust has increased due to legal certainty; in November, monthly trading volumes reached almost €800 million. Important Growth Drivers The dramatic increase can be ascribed to the growing popularity of Banking ...

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