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EURC Gains Traction Amid Euro Rally, Challenging Dollar-Dominated Stablecoin Market
EURC Gains Traction Amid Euro Rally, Challenging Dollar-Dominated Stablecoin Market
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Circle’s euro-pegged stablecoin EURC mirrored the single currency’s April surge, reaching parity with $1.14 USD through combined CEX and DEX activity. The euro’s 1.15 USD peak—its strongest monthly performance—reflects macroeconomic shifts including US tariff tensions and weakening dollar sentiment.
While dollar-based stablecoins maintain market dominance, EURC’s expanding supply and trading volumes signal growing appetite for alternatives. The asset’s speculative trading against USDC and USDT highlights evolving currency hedging strategies in crypto markets.
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