BlockBeats news, on June 27, according to CoinDesk, the Exchange Rate of the Euro against the USD has surged 12.88% this year, with EUR/USD rising from 1.0354 to nearly 1.17, reaching its highest level since September 2021. This rise is due to the breakdown of the correlation between The Federal Reserve (FED) and Central Bank interest rates, as well as a general shift in the market towards the USD. EUR/USD has also outperformed the Nasdaq and S&P 500 indices, nearly matching the rise of Bitcoin, with the 90-day correlation coefficient between EUR/USD and Bitcoin recently rising to 0.62, the highest since February 2024, indicating a certain degree of positive correlation. The total market capitalization of Euro-pegged stablecoins has grown 44% this year, increasing from USD 310 million to USD 480 million, with Circle's EURC stablecoin market capitalization increasing.

BlockBeats news, on April 29, the Solana on-chain DeFi project Kamino officially announced the launch of an incentive program for the EURC stablecoin under Circle, allowing users to earn a total of 100,000 EURC rewards each month by participating in the lending market.

The euro stablecoin EURC issued by Circle has reached a historic high supply of 217 million coins, worth $246 million. The majority circulates on the Ethereum network, with a 35% rise in the past month. The EURC supply on the Solana network has grown the fastest, reaching 70 million coins. The supply of EURC on Base is 30 million coins. This increase in demand for euro-denominated digital assets may be due to the weakening of the dollar and escalating trade tensions.

Odaily Planet Daily News Aave announced on X platform that its Base on-chain market has launched Circle's Euro Stable Coin EURC, allowing users to use EURC as Collateral for lending.

Odaily Planet Daily News, according to the official governance page, dYdX community has initiated a new proposal and started an on-chain vote. The proposal suggests gradually closing OCEAN-USD, EURC-USD, WBTC-USD, and AMPL-USD, and disabling the offline markets in the market chart. The vote will take place at 14:34 on February 1, 2025 (UTC)

Odaily Planet Daily News According to official sources, Circle announced a partnership with Bison Digital Assets to support MiCA-compliant USDC and

Odaily Star Daily News Sonic Labs announced on the X platform that it has launched the Sonic gateway, which supports bridging USDC, EURC, WETH, and FTM from the ETH bridge to Sonic. In addition, Sonic Labs also announced a collaboration with Immunefi to launch 200

Odaily Planet Daily News Circle co-founder Jeremy Allaire wrote on X platform that EURC is currently the largest euro stablecoin in terms of volume and on-chain forex usage, growing rapidly this year by adhering to clear and fair European regulations (along with USDC). More and more exchanges and wallets are supporting EURC. Earlier today, Tether announced the suspension of its EURT stablecoin.

Golden Finance reported that the dYdX Foundation announced on the X platform that the community has voted to add Circle's Euro Stable Coin EURC on dYdX.

Odaily Planet Daily News Base announced on X platform that Circle-supported Euro Stable Coin EURC will soon land on Base. In order to update the system, each type of coin needs to be put on the chain. First is the US dollar, now it's the euro. Currently, developers can obtain EURC on the test network.

Gold Finance reported that Circle announced that Stable Coin EURC will soon introduce Base, which is Circle's first euro-backed Stable Coin. EURC is issued by Circle and has now joined USDC. As of July 9th, the Circulating Supply has exceeded 3 billion US dollars.

Golden Finance reported that Jeremy Allaire, co-founder and CEO of Circle, announced that Circle's USD stablecoin USDC and EUR stablecoin EURC have complied with the new stablecoin regulations MiCA introduced by the European Union, and will be effective from July 1.