Europe’s Time Is Now (for Stablecoins)
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BTCCSquare news:
The dollar's dominance as the reserve currency is waning under the Trump administration's unpredictable policies, creating a vacuum in the crypto market. USD-pegged stablecoins may lose ground, with EUR-backed alternatives poised to rise. The euro has gained traction as a safe-haven asset alongside gold, reflecting a broader shift away from dollar dependency.
Since TRUMP took office, the dollar has dropped 5% against major currencies, battered by erratic trade policies and fiscal uncertainty. This volatility has pushed investors toward alternatives, including the euro, which central bankers now view as a viable reserve asset. DeFi markets are likely to mirror this trend, with EUR stablecoins gaining prominence.
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