Circle executives: EURC market value exceeds 50 million euros, and may soon become the largest euro stablecoin by market value

Odaily News Patrick Hansen, senior director of EU strategy and policy at Circle, wrote on X that based on DefiLlama data, the market value of EURC has exceeded 50 million euros. EURC's market value has risen by 36% in the past week, mainly due to its launch on the Base chain (which already has about 8 million euros of EURC) and growth on the Ethereum chain. At this rate, EURC will soon become the number one euro stablecoin by market value. For reference: EURC is already the largest MiCA-compliant euro stablecoin. Although AEUR currently has a higher market value, it has now stopped issuing and redeeming due to the bankruptcy of FlowBank in Switzerland.