BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Europe’s Stablecoin Adoption Fails to Challenge USD Dominance
Europe’s Stablecoin Adoption Fails to Challenge USD Dominance
13
3
BTCCSquare news:
Europe’s growing stablecoin adoption isn’t shifting the dominance of USD-backed tokens, raising concerns about monetary sovereignty. Alexander Hoeptner, CEO of AllUnity, warns that the euro’s role in digital finance could diminish without stronger demand for euro-denominated stablecoins.
Stablecoin usage in the EU surged to 34% of global transactions, up from 16% the previous year, yet 99.8% of the supply remains pegged to the dollar. North America still leads with 42% of transactions, while Asia’s share plummeted from 33% to 12%.
The proliferation of USD stablecoins has alarmed European policymakers, particularly as the U.S. reinforces its currency’s supremacy. MiCA regulations aim to recalibrate the market, but progress remains slow.
By:
Previous
Ziglu Collapse Leaves Investors Stranded as $2.7M Vanishes
Next
Morgan Stanley Beats Q2 Estimates Amid Investment Banking Weakness
