Euro Coin price

🚨 Some new stablecoin projects are already struggling. After digging through the top 50 stablecoin projects, here’s what I’ve noticed so far 👇 ✅ The good news (for DeFi users) There are tons of opportunities to capture value. Many of these projects don’t have strong moats or unique positioning—which means if you know how to stay at the top of the food chain, you can farm yield from others. Every protocol has its own strategy or angle to try and win. If you can spot the ones with actual potential (or at least understand how to extract value), it can be a fun game. ⚠️ The bad news (for the projects themselves) A lot of them won’t make it. Without a clear moat or differentiated positioning, they’ll struggle to attract and retain users. If you’re building in this space: highlight what makes you different right on your app, give people a reason to care, and how users should farm. Some of these projects are just vaults or wrappers in stablecoin form. If you're a user, your job is to figure out what’s real, what’s just hype, and where adoption might actually come from. 🌊 The opportunity New liquidity will keep flowing into this space. If you know how to ride the wave, you’ll win. Hint: PT normal ones, loop good ones, and ignore bad ones I’ll share more on how I approach this stablecoin game soon.

There are many types, right? It's still a long way to go.

Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum (ETH). In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value. Lee says that ETH should have a much higher value because of the market value of the projects that are being built on the layer-1 blockchain, including Circle, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin (EURC). USDC and EURC were initially launched on the Ethereum blockchain. “I’ll just give you something simple to think about… Circle, which has been a very successful IPO (initial public offering), and it’s been the most successful IPO in the last few years, and it’s crypto. Crypto has been one of the best equities, and now the best IPOs. But Circle trades at around 100 times EBITDA (earnings before interest, taxes, depreciation and amortization). A 1% yield or a 1% EBITDA yield is a pretty sizable multiple. But stablecoins really operate off a layer-1. A lot of Circle operates off Ethereum. And if you look at the tech stack, typically, the more you get into that layer-1 level, the higher the multiple should be for the business, because it actually benefits from the multiple applications sitting on top of it… On that same metric, Ethereum should have a much higher multiple… Ethereum would be very undervalued if you were looking at Circle relative to layer-1. So Ethereum probably could go to $10,000 or something. If the world suddenly realized we’re going to tokenize more things, and these tokenized assets, like tokenized dollars, trade at 100 times EBITDA, what should the blockchain be valued at? ETH should maybe be worth a lot more money.” ETH is trading for $2,502 at time of writing, down 2.9% in the last 24 hours.  Follow us on X, Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix   Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Timofeev Vladimir The post Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000 appeared first on The Daily Hodl.

AllUnity, a joint venture backed by Galaxy Digital, has received an E-Money Institution (EMI) license from BaFin. This license from the German Federal Financial Supervisory Authority (BaFin) offers AllUnity a path for stablecoin growth. Galaxy Digital-Backed AllUnity to Launch a Euro-Backed Stablecoin Galaxy Digital CEO Mike Novogratz gave the announcement in an X post. The BaFin license would allow AllUnity to issue a fully regulated Euro Stablecoin, EURAU. This will be the first BaFin-regulated stablecoin. It complies with the EU Markets in Crypto-Assets Regulation (MiCAR) framework. It is designed for 24/7 instant cross-border settlements. Upon release, EURAU will be 100% collateralized. Also, it is expected to deliver institutional-grade transparency through proof-of-reserves and regulatory reporting. EURAU is built for regulated financial institutions. Fintechs, Treasuries (ERP), and enterprise clients across Europe can use EURAU to perform seamless transactions following key integrations. Therefore, the stablecoin addresses the critical need for liquidity in the European digital economy. The EMI license allows the fintech startup to set a new standard for utility in regulated environments. This is in addition to accelerating the evolution of the cross-border payments ecosystem. AllUnity partnered with leading industry giants, including DWS, Flow Traders, and Galaxy, for the launch. The Mike Novogratz-backed firm bridges traditional finance and digital assets with its institutional-grade infrastructure and real-time settlement. Image Source: Mike Novogratz on X Alexander Höptner, CEO of AllUnity, wrote: “Securing the EMI license from BaFin is a monumental achievement for AllUnity and a testament to our dedication to regulatory excellence. We are immensely proud to be at the forefront of this innovation, meeting the highest standards of regulation and trust with the support of our esteemed partners.” EURAU Creates a Gateway to Europe The EMI license comes at a crucial time when stablecoins are being increasingly considered reliable to restore financial autonomy in the EU. Experts believe that regulated Euro-backed stablecoins represent a foundational block for the future of the European financial and real economy. They are increasingly gaining recognition in Europe for several reasons. Notably, Euro stablecoins offer a stable alternative for transactions and investments, protecting against fluctuations in the US dollar. Additionally, the MiCA regulation provides a robust framework. This regulation requires 1:1 reserve backing in EU-regulated banks, ensuring transparency and accountability. It, therefore, encourages the adoption of euro-backed stablecoins. Financial players, including Paxos and Deutsche Bank, are entering the European market. Their entry signaled an increasing level of trust from institutional players. Paxos recently introduced the Global-Dollar (USDG) in the EU, compliant with the MiCA regulations. In May, Ripple’s XRP Ledger (XRPL) added EURØP as its first euro-backed stablecoin. Issued by Schuman Financial, EURØP is fully backed 1:1 by euro held in European banks. Stablecoin Regulation in the EU Vs the U.S. The regulation of stablecoins has a different approach in Europe and the United States. It is shaped by differing legal frameworks, priorities, and market dynamics. MiCA has influenced growth in euro-backed stablecoins like EURC, EURS, and EURØP. In contrast, the US lacks a comprehensive federal regulation. However, US senators recently voted in favor of a stablecoin bill, known as the GENIUS Act. This bipartisan bill was co-sponsored by Senators Kirsten Gillibrand and Bill Hagerty. It aims to establish the first federal regulatory framework for stablecoins in the US. On June 17, the U.S. Senate passed the GENIUS Act with a 68–30 vote. The legislation has now moved to the House for approval. If successfully approved, it will move to the desk of President Donald Trump. Considering the President’s disposition towards the industry, this Bill may gain expedited consent should it reach the executive branch. The post Galaxy Digital-Backed AllUnity Secures MiCA License To Drive Stablecoin Growth appeared first on The Coin Republic.

More seamless institutional support for EUR to USDC and EURC via Circle Mint.