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With availability on 3 networks (and expanding to more), EURC might become the biggest Euro stablecoin in market cap.
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Currently, it has a market cap of ~$50M, a fraction of the market cap of the largest stablecoin, USDT which has a market cap of $83B.
Circleโs USDC has a market cap of $25.6B.
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If the Euro/USD stablecoins trading ratio (1:3) matches that of their fiat counterpart, we could see Euro stablecoins Mcap reach $10B - $30B.
Stablecoin flows can often predict the sentiment of the market.
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Decentralized social media platform Orb Technology raised $2.30M in a Pre-seed funding round from Superscrypt, Foresight Ventures, Founders, Inc., Daedalus, ArkStream Capital, Mask Network, Hash Global, LD Capital, Aave Companies, Social Graph Ventures, Stani Kulechov, Sandeep Nailwal.
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This is a special newsletter. Every week, we deconstruct the best crypto trends and share those insights with you.