Patrick Hansen, senior director of EU strategy and policy at Circle, said in a post on X that based on DefiLlama data, the market value of EURC has exceeded 50 million euros.
EURC's market value has risen by 36% in the past week, mainly due to its launch on the Base chain (where there are already about 8 million euros of EURC) and growth on the Ethereum chain.
At this rate, EURC will soon become the number one euro stablecoin by market value.
For reference: EURC is already the largest MiCA-compliant euro stablecoin. Although AEUR currently has a higher market value, it has now stopped issuing and redeeming due to the bankruptcy of FlowBank in Switzerland.