The exchange of the Euro-US dollar (EUR / USD)The most liquid exchange pair in the world, jumped 12.88% in the first half, surpassing the Nasdaq and the S&P 500 and almost rivals by Bitcoin
14.8% increase, according to data from the data source.
The strength of the euro has increased the attraction of stablecoins with values set at the euro.
The cumulative market capitalization of 21 stablescoins at the point of Euro followed by the source of Coingecko data increased by 44%, going from $ 310 million to $ 480 million. Growth growth is the stable stable stablecoin of the listed circle in the United States, whose market capitalization increased from 138% to 200.36 million dollars.
“One of my Paris trades this year was to move all my stablecoin stack of the USDC / USDT in a stable stablecoin labeled in Euro like EURC. Raving 13% in less than 5 months,” announced Legendary, the pseudonym host of the modern market program, announced on X.
Although the demand for stable Euro has increased, their combined market capitalization remains less than 1% of that of the stablescoins in Pius to a dollar, which offer a cumulative market value of $ 254.88 billion.
The EUR / USD increased from 1.0354 to almost 1.17, reaching the highest since September 2021. The recovery is characterized by a rupture of the correlation between the exchange rate and the differential between the interest rates of the Fed and the ECB, as well as by a wide gap of the US dollar.
The 90 -day correlation coefficient between EUR / USD and Bitcoin has recently increased to 0.62, the highest since February 2024, indicating a moderate positive correlation between the two.
