Weakening Dollar and Surging Euro Stablecoins Could Reshape Crypto Investments

As the US dollar weakens, an opportunity arises for the Euro’s role in the crypto economy. The increasing adoption of euro-backed stablecoins reflects European investors’ desire to counteract the foreign exchange drag on their dollar-pegged assets. Luke Nolan, Senior Research Associate at CoinShares, told BeInCrypto that he expects this trend to continue, though he doesn’t believe that the role of the US dollar will be completely erased from the picture. A 50-Year Low for the Dollar In recent months, the US dollar has experienced a significant and rapid decline source: https://beincrypto.com/euro-stablecoins-surge-as-us-dollar-weakens/