Half of Tokenized Euro Stablecoin Value Held on Ethereum

Token Terminal data reveals Ethereum leads the tokenized euro market, with equal value split between it and other blockchains like Arbitrum, Polygon, Base, and Solana.

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Summary

Token Terminal reports that roughly half of the total market capitalization of tokenized euro stablecoins is held on the Ethereum blockchain. The remaining share is distributed among other blockchain networks, including Arbitrum, Polygon, Base, and Solana, indicating a diversified deployment of these euro-pegged digital assets across multiple ecosystems.

Terms & Concepts
  • Tokenized Euro stablecoin: A blockchain-based digital token pegged to the euro's value.
  • Ethereum: A decentralized blockchain platform supporting smart contracts (self-executing blockchain code) and decentralized applications.
  • Arbitrum: A layer-2 scaling solution for Ethereum that enables faster and cheaper transactions.