CoinDesk Indices, News Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply. He traces the gap to path dependency and missing euro DeFi infrastructure, and argues MiCA-regulated issuance and euro vault rails are changing it. Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply. He traces the gap to path dependency and missing euro DeFi infrastructure, and argues MiCA-regulated issuance and euro vault rails are changing it. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More
- Home
- Crypto News
- Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
Posted in
Crypto News
Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
You May Also Like
Posted in
Crypto News
Tether pushes into private credit with $400 million fund with Fasanara
Posted by
admin
More From Author
Posted in
Ethereum News
Consensys to split into MetaMask and institutional blockchain company
Posted by
admin
