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mica-regulation

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Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro

Ryan Connor of RockawayX highlights a large imbalance between dollar and euro use in crypto, estimating the dollar outpaces the euro roughly 3-to-1 in the offchain economy and by more than 300-to-1 onchain. He notes euro-pegged stablecoins amount to €711 million — under 1% of total stablecoin supply — and links the gap to path dependency and a lack of euro-focused DeFi infrastructure, while saying MiCA-regulated issuance and new euro vault rails are beginning to shift the picture.

about 1 hour ago

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