• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bull Market Restarted!!!

2025-08-12

Bitcoin Holders…Watch Out For This

2025-08-11

This is the Breakout Zone for Bitcoin and Crypto

2025-08-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    2025-08-11

    What Is Crypto Arbitrage and How to Use It in Trading?

    2025-08-06

    What’s the Difference & Which Is Better to Trade?

    2025-08-01

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    2025-07-31

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25
  • Videos

    Bull Market Restarted!!!

    2025-08-12

    Bitcoin Holders…Watch Out For This

    2025-08-11

    This is the Breakout Zone for Bitcoin and Crypto

    2025-08-11

    (Don’t) Sell All Your Bitcoin For Ethereum!

    2025-08-11

    Bitcoin Strength Returns | Crypto Bull Week

    2025-08-10
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Machine money gains traction among EU regulators; stablecoins under consideration
Regulation

Machine money gains traction among EU regulators; stablecoins under consideration

2023-03-08No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto lost $2.77 billion to hacks, exploits in 2022
Share
Facebook Twitter LinkedIn Pinterest Email

Ad

Bitget

As the crypto asset market has expanded dramatically in recent years, stablecoins have also experienced remarkable growth.

In response to this, the Digital Euro Association (DEA) issued a report analyzing the use cases of European-Union-denominated stablecoins, looking at trends like machine-to-machine (M2M) payments and other aspects of decentralized finance impacting the broader sector of the stablecoin market.

The report titled – “The future of machine money – Opportunities for stablecoins in Europe” – suggests that Europe could leverage stablecoins to facilitate the development of the Internet of Things (IoT), provided that regulations are established.

Europe’s DEA believes that automated micropayments enabled by stablecoins could be a means for Europe to uphold its digital competitiveness.

Market capitalization of top-10 stablecoins

As of March 2022, prior to the collapse of TerraUSD, the top ten stablecoins had a combined value of approximately USD 164 billion, representing a 460% increase from the previous year.

The two largest stablecoin issuers, Tether and Circle, have both introduced stablecoins backed by the Euro. Tether’s Euro Tether (EURT) is valued at $220 million, with more than 200 million tokens currently in circulation, while its USD-pegged stablecoin, USDT, has a market capitalization of $71 billion. Circle’s Euro Coin (EUROC) has a market capitalization of $33 million, whereas its USD-pegged stablecoin, USDC, has a market capitalization of $43 billion.

Market cap of top 10 stablecoins
Source: Coin Gecko

As of November 2022, EUR-based stablecoins accounted for less than USD 500 million in market capitalization, equivalent to roughly 0.2 percent of the total stablecoin market.

Eur-based stablecoins
(Source: Coin Gecko)

Europe’s potential stablecoin future

Apart from acting as an entry point to crypto trading, a safe haven from market volatility, and providing access to decentralized finance (DeFi) markets, stablecoins have also been utilized to enhance financial inclusion and facilitate cross-border payments for underserved communities, the report argues.

See also  Litecoin Eliminates Pre-Halving Gains As Volume Drops, Is A Fall To $50 Coming?

Trading, cross border remittances, inflation hedge, decentralized finance, and settlement of tokenized securities all serve as reasons for stablecoin adoption.

Differentiation between internet-of-things (IoT) IoT and machine-to-machine (M2M) payments is starting to emerge, however, led by more than 11.3 billion operational IoT devices worldwide in 2021, which experts believe will surge to 30 billion by 2030. This burgeoning trend is set to impact all sectors of the economy and is expected to unlock economic value ranging from USD 5.5 trillion to USD 12.6 trillion, an economic boon for global finance too.

Key findings

The report says that European policymakers and regulators should encourage the implementation of industry-wide or EU-level standards that incorporate established best practices and global standards.

  • “EUR-based stablecoins for M2M payments could be issued on different types of blockchains or distributed ledgers (e.g., permissionless, permissioned, hybrid or even consortiums).”
  • “With a digital euro not likely to be issued until late 2026 at the earliest, an alternative instrument is needed for growth in the M2M space to truly develop. EUR-based stablecoins could play an important role in this regard.”

 

Posted In: E.U., Regulation
among consideration Gains Machine Money regulators Stablecoins traction
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Be rich forever and never runout of Money.

2025-07-31

DCA in the Age of Chaos: TA, Tariffs & Money Supply Signals

2025-07-28

Bitcoin and the Evils of Money Printing

2025-07-24

Crypto Dominates + Fiat Fails | BTC, SOL, USDT, AI & the Future of Money

2025-07-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Coinbase Wants SEC To Produce Documents That Could Expose Regulator’s Inconsistent Views on Digital Assets

2024-08-15

Coinbase wants the U.S. Securities and Exchange Commission (SEC) to produce documents related to its…

Bitcoin

Bitcoin: Whales remain bullish despite pullback

2024-01-28

The number of wallets holding between 1K and 10k coins jumped sharply. More than 60%…

NFT

Bitcoin’s Ordinal Inscriptions Soar Beyond 55 Million, Achieving Third Highest Daily Record

2024-01-16

Following the weekend, the tally of Ordinal inscriptions on the Bitcoin blockchain surpassed 55 million.…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bull Market Restarted!!!

2025-08-12

Bitcoin Holders…Watch Out For This

2025-08-11

This is the Breakout Zone for Bitcoin and Crypto

2025-08-11

What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

2025-08-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 122,718.88
ethereum
Ethereum (ETH) $ 4,714.19
xrp
XRP (XRP) $ 3.27
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 843.30
solana
Solana (SOL) $ 200.33
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,704.11
dogecoin
Dogecoin (DOGE) $ 0.242763
tron
TRON (TRX) $ 0.360568
bitcoin
Bitcoin (BTC) $ 122,718.88
ethereum
Ethereum (ETH) $ 4,714.19
xrp
XRP (XRP) $ 3.27
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 843.30
solana
Solana (SOL) $ 200.33
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,704.11
dogecoin
Dogecoin (DOGE) $ 0.242763
tron
TRON (TRX) $ 0.360568