In the space of 30 days, the Stablecoin Euro Eurc de Circle saw its capitalization increase by more than 46 %. Would the asset take advantage of Donald Trump's trade war?
Stablecoin Eurc takes advantage of the trade war
Since Donald Trump sparked his trade war at the beginning of the month, The Stablecoin Euro Eurc de Circle has seen its capitalization explode upwards. Over the past 30 days, the asset has gone from $ 139.6 million in capitalization to $ 204.5 million, or growth of 46.5 %:
Evolution of the capitalization of the EURC over 30 days
Discover the Stablecoin Euro Eurc de Circle
This observation is interesting, because it suggests that a share of investors considers that it is better to favor the euro in the dollar on its stablecoins, at least temporarily to try to take advantage of the exchange risk. Moreover, note that since the beginning of the month, The euro increased by more than 5 % against the dollar ::
EUR/USD pair lessons
To come back to the Stablecoins euros, Note that EURC competitors have also seen their capitalization increase, but in much lower proportions. For example, the Stat Eurses recorded growth of 3.1 % over 30 days, while the EURCV of Société Générale – Forge increased by 4.65 %.
Conversely, we do not necessarily observe a decline on the side of the stablecoins backed by the dollar, at least, the USDC and the USDT see their capitalization climbing 30 days. However, we can observe a very slight decline of 1.15 % on the USDC, corresponding to $ 742.85 million.
On the side of stablecoins backed by gold, an increase and also to note in April, although it actually enrolled in growth of more than a year.
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Regarding the EURC specifically, it will be interesting to see if the asset takes advantage of this trade war in a sustainable way, and it will therefore be a question of returning to the growth of its capitalization later in the year.
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Source: Coingecko
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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