At EthCC in Cannes, Schuman Financial founder Martin Bruncko shared his views on the future of euro stablecoins, forecasting significant growth for this segment.
Growth Forecast for Euro Stablecoins
Martin Bruncko predicts that the euro stablecoin market will exceed €100 billion in market cap and could potentially reach €1 trillion. He points to the growing demand for euro-denominated digital assets amid the increasing transition of traditional finance to the digital realm.
Resistance to Dollarization in Europe
According to Bruncko, Europe's steadfast resistance to dollarization heightens the need for homegrown euro stablecoins. The MiCA regulations restrict the use of non-European stablecoins in payments, emphasizing the need for a euro-pegged digital currency as a crucial component of the financial ecosystem.
Current Market Analysis of Euro Stablecoins
Currently, the euro stablecoin market is valued in the hundreds of millions, while dollar-based stablecoins amount to nearly $200 billion. Bruncko believes that the lack of high-quality options and real-world use cases is hindering the growth of the euro stablecoin market. His firm, Schuman Financial, is developing its own euro stablecoin, EURØP.
Martin Bruncko's talk highlights the urgent need for euro stablecoins in the digitalization of finance in Europe, underscoring the significance of the euro as a platform for new digital assets.
