The exchange of Euro-US dollars (EUR/USD)The most currency liquid torque in the world, has increased 12.88% in the first half, surpassing Nasdaq and S&P 500 and almost rivaling Bitcoin
14.8% increases, according to data source view.
The strength of the euro has increased the attractiveness of the stable with values linked to the euro.
The accumulated market capitalization of 21 stablecoins of euros tracked by the Coingcko data source has increased 44% of $ 310 million to $ 480 million. Leading the growth is the ERC Stablecoin of the circle of the American list, whose market capitalization has increased by 138% to $ 200.36 million.
“One of my betting operations this year was to transfer all my Stablcoin pile of the USDC/USDT to a stablecoin called in euros as EURC. 13% in a dollar value in less than 5 months,” legendary, the pseudonym host of the Modern Market Show, announced in X.
While the stable demand demand has increased, its combined market capitalization remains less than 1% of that of dollars, which have a cumulative market value of $ 254.88 billion.
EUR/USD has increased from 1,0354 to almost 1.17, reaching the top since September 2021. The subsidy is characterized by a breakdown in the correlation between the exchange rate and the differential between the interest rates of the Fed and the ECB, as well as a broad change based on the US dollar.
The 90 -day correlation coefficient between EUR/USD and Bitcoin has recently increased to 0.62, the highest since February 2024, indicating a moderate positive correlation between the two.
