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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