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Why the Advent of EURST Stablecoin Matters for the Crypto Market
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EURST is a fiat-backed stablecoin created “ to bridge between the concept of fiat and cryptocurrency”. With stablecoins steadily increasing use-cases for cryptocurrencies around the world, the arrival of a European stablecoin could influence things in a few ways.
According to a report from Chainalysis, Central, Northern, & Western Europe (CNWE) has become the dominant crypto economy worldwide, after placing second last year. With Europe processing most of the world’s cryptocurrency transactions, (around 25% of the world’s activity) this could naturally lead to more mass adoption in the region. Furthermore, the introduction of a reliable
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