Cryptocurrency
EU agency’s head dealer explains why euro stablecoins are exhausting to come back by By Cointelegraph
EU agency’s head dealer explains why euro stablecoins are exhausting to come back by Numerous fashionable U.S. dollar-pegged stablecoins exist on the crypto market. Stablecoins primarily based on the euro additionally exist, however are notably much less liquid, in line with Zahreddine Touag, co-founder and head of buying and selling at Paris-based market making agency Woorton.
“There’s not any euro stablecoin that could be very liquid,” Touag mentioned on Thursday throughout a Paris Blockchain Week convention panel, noting a number of factors of rationale. Probably the most impactful purpose: “It’s very pricey to do a euro stablecoin,” he famous, including:
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