CoinDesk

Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro

Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply. He traces the gap to path dependency and missing euro DeFi infrastructure, and argues MiCA-regulated issuance and euro vault rails are changing it.

By CoinDesk

9 September 20261 min read

Blockchain & Crypto Assets

Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro

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