Odaily News: Patrick Hansen, Director of Strategy and Policy at Circle EU, expressed optimism about the future of Euro-denominated stablecoins at the EthCC conference in Paris. While the US dollar may maintain its first-mover advantage, Euro stablecoins are expected to see increasing real-world use cases, surpassing their current meager market share.



Currently, Euro-denominated tokens account for only 0.3% of the stablecoin market, with a value of $300 million. In contrast, the Euro holds a 20% share in the traditional currency system.



Furthermore, Hansen mentioned the shift in the entire cryptocurrency capital market from speculation to utility. The growing usage of stablecoins in remittances, B2B transactions, and other scenarios demonstrates this trend. Users will prefer stablecoins denominated in local currencies for these purposes. Integrating Euro stablecoins into existing European payment systems will also facilitate their adoption. (Cointelegraph)