Barter Says Euro-Pegged Stablecoins Remain a Small Part of the Market
According to Barter, euro-pegged stablecoins make up about 0.35% of total stablecoin supply and less than 0.1% of trading volume, highlighting their limited role in crypto markets.
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Terms & Concepts
Stablecoin: A cryptocurrency designed to track the value of another asset, such as a fiat currency like the euro.
Euro-pegged stablecoin: A stablecoin intended to maintain a one-to-one value with the euro, offering blockchain-based access to euro-denominated liquidity.