Euro-Backed Stablecoins Flourish Post-MiCA, Hit €800M Monthly Volume

In 2024, the Markets in Crypto-Assets Regulation (MiCA) propelled the acceptance of euro-backed stablecoins to previously unheard-of heights. These stablecoins have become essential tools in the European cryptocurrency market as investor trust has increased due to legal certainty; in November, monthly trading volumes reached almost €800 million. I...