{"id":33989,"date":"2025-06-27T08:02:22","date_gmt":"2025-06-27T08:02:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33989"},"modified":"2025-06-27T08:02:22","modified_gmt":"2025-06-27T08:02:22","slug":"market-cap-of-euro-stablecoins-surges-to-nearly-500m-as-eur-usd-rivals-bitcoins-h1-gains","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33989","title":{"rendered":"Market Cap of Euro Stablecoins Surges to Nearly $500M as EUR\/USD Rivals Bitcoin’s H1 Gains"},"content":{"rendered":"
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The Euro-U.S. dollar exchange (EUR\/USD), the world’s most liquid foreign exchange pair, has surged 12.88% in the first half, outperforming Nasdaq and S&P 500 and nearly rivaling bitcoin BTC 14.8% rise, according to data source TradingView.<\/p>\n

The strength of the euro has increased the appeal of stablecoins with values pegged to the euro. <\/p>\n

The cumulative market cap of 21 euro-pegged stablecoins tracked by data source Coingecko<\/a> has increased 44% from $310 million to $480 million. Leading the growth is the U.S.-listed Circle’s EURC stablecoin, whose market cap has increased by 138% to $200.36 million.<\/p>\n

“One of my bets trades this year was to move my entire stablecoin stack from USDC\/USDT into a Euro-denominated stablecoin like EURC. Up 13% in dollar value in less than 5 months,” Legendary, the pseudonymous host of The Modern Market Show, announced on X<\/a>.<\/p>\n

While the demand for euro-pegged stablecoins has increased, their combined market cap remains less than 1% of that of dollar-pegged stablecoins, which boast a cumulative market value of $254.88 billion<\/a>.<\/p>\n

EUR\/USD has risen from 1.0354 to nearly 1.17, hitting the highest since September 2021. The upswing is characterized by a breakdown in the correlation<\/a> between the exchange rate and the differential between the Fed and ECB interest rates, as well as a broad-based shift away from the US dollar<\/a>.<\/p>\n

The 90-day correlation coefficient between EUR\/USD and bitcoin has recently jumped to 0.62, the highest since February 2024, indicating a moderate positive correlation between the two. <\/p>\n

\"EUROC's<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Euro-U.S. dollar exchange (EUR\/USD), the world’s most liquid foreign exchange pair, has surged 12.88% in the first half, outperforming Nasdaq and S&P 500 and nearly rivaling bitcoin BTC 14.8% rise, according to data source TradingView. The strength of the euro has increased the appeal of stablecoins with values pegged to the euro. The cumulative […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33989","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33989"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33989\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}