Euro stablecoin EURC supply exceeds $90 million

Thanks to the substantial growth of Base, the Ethereum Layer 2 network incubated by Coinbase, the supply of the euro stablecoin EURC hit an all-time high of over $90 million. EURC currently has a circulating supply of 91.8 million, equivalent to a market value of $99.2 million. After EURC was launched in June 2022, its supply jumped to about 80 million by November of that year. However, according to CoinGecko data, the supply subsequently fell sharply and did not return to this level until this month. (The Block)