Search results for EURA
Crypto
Circle pushes EURC to step up UK push as debate grows over why it gained early lead
Circle is expanding its influence in Europe’s stablecoin market with its euro-backed stablecoin EURC, prompting debate over whether the gains reflect product competitiveness or regulatory and policy shifts. DeFi analyst Ignas calls it “Europe’s failure” and says Circle benefited from MiCA, claiming it secured licensing and rapidly lifted market share. He also links the trend to digital euro discussions and argues Circle is pursuing a similar approach in the UK. Critics also question Circle’s response to a Solana-based Drift Protocol hack.
Crypto
Euro stablecoins struggle to gain traction despite new rules
Dollar-based stablecoins continue to dominate the stablecoin market, leaving euro-based tokens struggling to gain traction. Data compiled by crypto research firm Kaiko show monthly spot trading volume for euro stablecoins has fallen to about $100 million this year from about $200 million in early 2024. Kaiko said euro stablecoins have failed to generate meaningful trading activity despite the EU’s MiCA framework designed to support compliant issuers.
Crypto
Angle Protocol to phase out EURA and USDA stablecoins, focus on DeFi incentives platform
Angle Protocol will phase out its EURA and USDA stablecoins. Holders can redeem EURA for EURC and USDA for USDC at a 1:1 rate on Ethereum through the Angle app until March 1, 2027. Vault manager users can close positions and recover collateral. After the redemption period, remaining reserves will be distributed on Ethereum by airdrop to unredeemed holders on a proportional basis, with a 1-year claim window.