According to @Andre_Dragosch, the weakening U.S. dollar, which has fallen to a three-year low against major currencies, is creating a significant opportunity for euro-pegged stablecoins. The analysis suggests that unpredictable U.S. policy has pushed global central bankers to diversify reserves into the euro, gold, and renminbi, a trend expected to spill over into DeFi (source: Reuters, via author). This shift is amplified by the European Union's pro-crypto stance, solidified by the MiCA framework, which provides regulatory clarity and allows issuers to get licensed. This gives MiCA-compliant stablecoins like EURC a competitive advantage over non-compliant ones such as Tether (USDT), which currently dominates nearly 70% of the market (source: @Andre_Dragosch). As major exchanges like Coinbase and OKX secure EU approval and the euro strengthens, the author predicts a substantial increase in the market share of EUR-pegged stablecoins by 2028, potentially threatening the long-held dominance of their USD counterparts.

According to @RhythmicAnalyst, the U.S. dollar's decline to a three-year low, driven by unpredictable trade and fiscal policies, is creating a significant opportunity for Euro-pegged stablecoins to gain market share. The analysis suggests that as global central banks and investors diversify away from the dollar, this trend will inevitably impact the DeFi and stablecoin markets, potentially weakening the dominance of USD-pegged coins like Tether (USDT). A key catalyst identified is the European Union's Markets in Crypto-Assets (MiCA) regulation, which provides a clear legal framework for crypto issuers. Since Tether is not currently MiCA-compliant, this opens the door for regulated alternatives like Euro Coin (EURC) to capture regional demand. The author predicts that with the euro strengthening and the EU's pro-crypto stance attracting major exchanges, the EUR-pegged stablecoin ecosystem will expand significantly by 2028, posing a direct challenge to their U.S. counterparts.

According to @AltcoinGordon, a major economic shift is underway, driven by two key trends in the stablecoin market. First, the rise of 'money streaming' powered by stablecoins on low-cost networks like Ethereum (ETH) Layer 2s, where transaction fees are now below $0.01, could revolutionize corporate finance by freeing up trillions in working capital. Second, a potential de-dollarization trend in the stablecoin space could see Euro-pegged coins (EURC) gain significant market share. This shift is attributed to perceived U.S. dollar instability and the European Union's pro-crypto MiCA regulation, which notably does not include Tether (USDT), creating a significant opening for compliant alternatives. While this presents a bullish long-term thesis for specific stablecoins, current market data shows key assets like Ethereum (ETH) and Solana (SOL) are under pressure, with ETH trading around $2,400 after a 4% drop and SOL near $145 following a 7% decline.

According to @Andre_Dragosch, the U.S. dollar's weakening position, driven by unpredictable domestic and foreign policy, is creating a significant opportunity for Euro-pegged stablecoins. The author notes that the dollar has hit a three-year low against major currencies, pushing global central bankers to consider the Euro as a choice reserve asset. This trend is expected to spill over into the crypto market, where the EU's supportive Markets in Crypto-Assets (MiCA) regulation gives compliant EUR-pegged stablecoins like EURC a distinct advantage over non-compliant competitors such as Tether. @Andre_Dragosch predicts that by the end of 2028, the proliferation of EUR stablecoins could seriously threaten the market dominance of their USD counterparts. This shift is happening as the underlying technology of stablecoins enables 'money streaming' on low-cost Ethereum Layer 2 networks, which could revolutionize corporate finance by freeing up trillions in working capital. Current market data, however, shows short-term bearish pressure with both Ethereum (ETH) and Solana (SOL) trading down against the US dollar.

According to @StockMKTNewz, the market capitalization of Euro-pegged stablecoins has surged 44% to nearly $480 million, driven by the EUR/USD exchange rate's 12.88% gain in the first half of the year, which nearly rivaled Bitcoin's (BTC) 14.8% rise, according to data from TradingView and Coingecko. The analysis highlights that Circle's EURC stablecoin has led this growth, with its market cap expanding 138% to over $200 million. Key catalysts cited include a weakening U.S. dollar and the European Union's crypto-friendly MiCA regulation, which provides an opportunity for compliant stablecoins like EURC as major competitors like Tether (USDT) are not compliant. For traders, the 90-day correlation between EUR/USD and Bitcoin has increased to 0.62, the highest since February 2024, indicating a strengthening relationship between the two assets.

According to Crypto Rover, USDC and EURC have been recognized as the first stablecoins by the Dubai International Financial Centre, indicating a bullish stance by the UAE on cryptocurrency adoption. This development could enhance the integration of crypto assets within the UAE's financial ecosystem, potentially increasing trading volumes and liquidity for these stablecoins.

According to @CoinbaseIntExch, Coinbase will add support for EURC perpetual futures on both the Coinbase International Exchange and Coinbase Advanced. The EURC-PERP market is set to open on or after 9:30 am UTC on February 19, 2025. This development may enhance trading opportunities for EURC, providing traders with new ways to hedge or speculate on the EURC's price movements. Source: @CoinbaseIntExch.

According to Coinbase International Exchange, traders can now use EURC and Solana as collateral for perpetual futures trading, enhancing capital optimization and strategic flexibility. This update potentially increases trading efficiency by allowing better position management through diverse collateral options (source: @CoinbaseIntExch).

According to Coinbase International Exchange, EURC and Solana can now be used as collateral for perpetual futures trading on their platform, enhancing traders' flexibility and efficiency in managing positions by allowing them to optimize capital usage.

According to CCData, Coinbase has delisted six stablecoins that do not comply with MiCA regulations, including USDT, DAI, and PYUSD. Among the MiCA-compliant stablecoins, USDC and EURC are leading in trading volume, with USDC at $3.76 billion and EURC at $255 million. Despite the delisting, USDT continues to dominate the global market with a trading volume of $17.9 billion.

According to CCData, Coinbase has removed six stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) regulation, including USDT, DAI, and PYUSD. In contrast, MiCA-compliant stablecoins like USDC and EURC are leading trading volumes on Coinbase, with USDC at $3.76 billion and EURC at $255 million. Despite the delisting, USDT remains the dominant stablecoin globally, with a trading volume of $17.9 billion.

According to @dydxfoundation, the dYdX community has successfully passed a vote to update EURC exchanges by adding Coinbase Pro as a new trading source. This decision is expected to enhance liquidity and trading options for EURC on the dYdX platform.

According to @dydxfoundation, an on-chain vote has been created to decide whether the dYdX community should add Circle's EURC to the platform. The voting period will end on August 28, 2024, at 02:56 UTC. Traders should monitor the outcome as it could impact trading options and liquidity on dYdX.