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The market capitalisation of MiCA-compliant euro stablecoins surged 128 percent in the year leading up to the European Union’s July 1 MiCA deadline, according to a report by Decta. The study also found a 43.1 percent increase in trading volume and a rise in the number of compliant euro stablecoins from five to eight. Despite the growth, euro-denominated stablecoins remain a small fraction of the much larger US dollar-backed stablecoin market.
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