Circle’s Euro Coin (EURC) is witnessing significant growth in market capitalization as interest in the euro rises amid an escalating trade war, which has led to a weakening US dollar. Alex Obchakevich, founder of Obchakevich Research, noted that the EURC stablecoin has seen inflows of €2.3 million through decentralized finance (DeFi) protocol Aave in April alone. The market cap of EURC increased from under $84 million at the end of 2024 to over $198 million by mid-April, marking a 136% growth year to date. The euro has gained 2.2% recently, reaching its highest level since February 2022 at $1.13, while the dollar has dropped by 9.3% against the euro since late 2024. Obchakevich anticipates that EURC will continue to expand through integration with various blockchains and regulatory support, predicting it could grow to €400 million by the year's end. This growth is also linked to the favorable regulatory environment under the European Union’s Markets in Crypto-Assets (MiCA) regulations, contrasting with competitors like Tether that lack such compliance.

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