USD Alternatives Gain Ground as Trade Uncertainty Drives EURC Boom

The euro-based stablecoin market is seeing a surge in popularity as traders seek safer havens amidst ongoing trade uncertainties. Circle’s EURC, which has set a new all-time high supply of $248 million, now stands as the largest Euro-denominated stablecoin in circulation. This shift reflects growing reliance on alternative currencies less susceptible to geopolitical risks stemming from U.S.-EU trade tensions.