Euro stablecoin growth: EURCV adds $5.6M, trailing only Circle’s EURC
Euro stablecoin growth is quietly picking up speed in a corner of the crypto market that rarely makes headlines, and Societe Generale’s EURCV is right at the center of it. The French bank’s digital euro token added roughly $5.6 million in market capitalization over the past week, according to data cited by Coinfomania and Crypto Briefing, making it the second-fastest-growing euro-pegged stablecoin behind Circle’s EURC.
Key takeaways
- Societe Generale’s EURCV added $5.6 million in market capitalization over the past week.
- Circle’s EURC grew faster, adding $10.3 million in the same period, while EURe added roughly $1.0 million.
- EURCV has no reported trading volume in the last 24 hours, a sign of thin liquidity.
- EURCV is a MiCA-compliant, euro-denominated stablecoin issued by SG Forge, the digital assets arm of Societe Generale.
- EURCV’s market cap sits between roughly $140 million and $180 million, making it the second-largest euro stablecoin after EURC.
EURCV’s Market Capitalization Growth
EURCV’s latest gain confirms that euro stablecoin growth is real, even if it’s happening on a much smaller scale than the dollar-dominated side of the market. The $5.6 million increase in market cap over seven days is modest in absolute terms, but it’s enough to place EURCV firmly in second position among euro-pegged tokens tracking active demand.
… Continue reading the full article at the original source below.
