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RockawayX analyst Ryan Connor pointed out that the ratio of on-chain USD to EUR stablecoins exceeds 300:1, with the total size of EUR stablecoins being only 711 million euros.
RockawayX analyst Ryan Connor noted in an article that the ratio of on-chain USD to EUR stablecoins exceeds 300:1, while in the off-chain economy, the USD to EUR ratio is approximately 3:1. Currently, the total market capitalization of EUR-pegged stablecoins is 711 million euros, accounting for less than 1% of the total stablecoin supply. He attributes this disparity to path dependence and the lack of DeFi infrastructure in the Eurozone, and believes that the issuance mechanisms and Euro treasury mechanisms under the MiCA regulatory framework are changing this situation.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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