TechFlow reports that on August 19, Patrick Hansen, Circle's Senior Head of EU Strategy and Policy, stated on X that according to DefiLlama data, the market cap of EURC has surpassed 50 million euros. Over the past week, EURC's market cap has grown by 36%, driven primarily by its launch on Base (which already holds around 8 million euros worth of EURC) and growth on Ethereum. At this rate, EURC is poised to soon become the euro-pegged stablecoin with the largest market cap. Currently, EURC is already the largest MiCA-compliant euro stablecoin. Although AEUR has a higher market cap, its issuance and redemption have been halted due to the bankruptcy of Switzerland’s FlowBank.
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