Euro stablecoin market cap doubles since MiCA implementation

The market capitalization of euro-denominated stablecoins has more than doubled in the year since the European Union's Markets in Crypto-Assets (MiCA) regulation took full effect in June of last year, CoinDesk reported. Citing data from London-based payments firm Decta, the report noted that monthly trading volume for euro stablecoins such as EURS, EURC, and EURCV surged from $338 million to $3.8 billion over the same period.