Why
Who among here actually uses EUR stablecoins?
I 've never heard of EUR stablecoins. What are they? I guess you 're talking about this one:
https://coinmarketcap.com/currencies/euro-coin/. The market cap is $210M. I could never see a reason for USD Stablecoins to exist, apart from trading (for example on Hyperliquid DEX trading platform, or Binance's trading platform). I guess the EUR Stablecoin isn't a lot different, in terms of purpose and utility, is it?
Maybe that is just a tactic to attract the European nations to use the cake wallet, but I really don't think it's anything useful and the targeted audience is very small. EUR stablecoins may be the cryptocurrencies backed by euro reserves,and one example that comes to my mind is EURC (issued by Circle). While the USD stablecoins that are dominated globally like USDT but EUR stablecoins marketcap is way less because they cater specifically to Eurozone users and businesses.
