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EURO-USA dollar exchange (EUR/USD)The most liquid foreign exchange pairs in the world, in the first half rose by 12.88%, overcome Nasdaq and S&P 500 and almost competed with Bitcoins
14.8% grow, according to the data source TradingView.
The strength of the euro increased the attraction of stablecoins with the Euro values.
Cumulative market ceiling 21 Euro-Pegged Stablecoins Followed by COINGECKO data source It increased by 44% of $ 310 million to $ 480 million. Growth management is the American Circle Eurc Stablecoin, whose market ceiling increased by 138% to $ 200.36 million.
“One of my bets this year was to move all my stack staplecoin from USDC/USDT to Stablecoin with a denomination euro like EURC. 13% of a dollar in less than 5 months,” the legendary, pseudonymous host of the modern market, show, “show,” Announced on x.
While the demand for euro-pegged stablecoins has increased, their combined market ceiling remains less than 1% of demand for dollar stable stablecoins that can boast cumulative market value of $ 254.88 billion.
EUR/USD increased from 1.0354 to nearly 1.17, which hit the highest since September 2021. The rise is characterized and correlation between the exchange rate and the difference between the Fed’s interest rates and the ECB, as well A wide shift from the US dollar.
The 90 -day correlation coefficient between EUR/USD and Bitcoin has recently jumped to 0.62, which has been the highest since February 2024, suggesting a slight positive correlation between them.
