Data: The total market capitalization of the euro stablecoin has risen by 44% this year, and the market capitalization of Circle's EURC has exceeded 200 million USD.

According to BlockBeats news on June 27, CoinDesk reported that the euro to USD exchange rate has soared by 12.88% this year, with EUR/USD rising from 1.0354 to nearly 1.17, reaching its highest level since September 2021. This rise is due to the breakdown of the correlation between the interest rates of the Federal Reserve and the Central Bank of Europe, along with a general shift in the market towards the dollar. EUR/USD has also outperformed the Nasdaq and S&P 500 indices, nearly matching the rise of Bitcoin, with the 90-day correlation coefficient between EUR/USD and Bitcoin recently rising to 0.62, the highest since February 2024, indicating a certain degree of positive correlation. The total market capitalization of euro-pegged stablecoins has increased by 44% this year, rising from $310 million to $480 million, with Circle's EURC stablecoin market cap growing by 138% to $200.36 million. Despite the increase in demand for euro stablecoins, their total market capitalization is still less than 1% of that of USD-pegged stablecoins ($25.488 billion).