Europe Pushes Euro Stablecoins — But Dollar Dominance Still Rules

[cryptohog]

Despite new efforts from AllUnity and its MiCA-compliant EURAU token, dollar-backed stablecoins like Tether USDt still dominate about 97% of the global market.

EURAU’s expansion into DeFi comes at a time when regulators are still figuring out how decentralized platforms fit under MiCA rules. The big question now: can euro stablecoins actually gain traction in a system still heavily built around the dollar?

[cryptoenthusiast]

euro-denominated liquidity is underrepresented, so niche adoption is possible if bridges to USD liquidity exist

[JanEmil]

$ stables fine for me