Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity: Circle exec

Circle’s Patrick Hansen is bullish on euro stablecoins.

The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United States dollar may preserve its “first mover” advantage, but euro stablecoin will see increasing real world use cases emerge to lift it above its current meager market share, HansenEuro-denominated tokens currently represent 0.3% of the stablecoin market and are worth $300 million.

Decentralized finance will go the same way, with real-world uses, such as car loans, being delivered in local currency. This will lead to more regionalized liquidity pools, he explained. What does a cup of coffee have to do with the future of the global economic system? As the US Congress prepares for its first vote on Stablecoin laws, US political leaders have a choice to make about the US and Dollar competitiveness. A video for political leaders below.

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