Euro stablecoin market value rises to nearly $500 million, Circle EURC leads the way with a 138% gain

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Planet Daily News: Influenced by the 12.88% rise of the euro against the US dollar in the first half of the year, the heat of euro-pegged stablecoins is warming up. Coingecko data shows that the market value of 21 euro stablecoins increased from $310 million to $480 million, a rise of 44%, among which the market value of EURC issued by Circle rose by 138% to $200 million. Nevertheless, the market value of euro stablecoins is still less than 1% of dollar stablecoins. The 90-day correlation coefficient between EUR/USD and BTC has risen to 0.62, a new high in the past year and a half. (CoinDesk)

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