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VisitEURC Becomes Largest Euro Stablecoin by Market Cap, Reaches €26 Million
Oct 1, 2024, 07:33 PM
EURC has become the largest euro stablecoin by market cap, reaching approximately €26 million since early August. This growth has been driven by significant activity on the Base blockchain. Moonwell and MorphoLabs are capitalizing on this demand, with around €10 million supplied across Moonwell EURC Core Market and Flagship Vault. The rise in euro-denominated lending and borrowing onchain is evident, with platforms like Moonwell and MorphoLabs meeting the growing demand. EURC has almost doubled in market cap since the MiCA launch three months ago.
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