Euro-pegged stablecoins are poised to scale rapidly in Europe, according to a new report by S&P Global Ratings. The driver won’t be payments, but tokenized investments, the firm said.
In the report, published on Tuesday, Feb. 3, S&P Global projected that the euro stablecoin market will grow from its current value of €650 million to anywhere between €25 billion and €1.1 trillion in the next four years. Most of that expansion, in the firm’s baseline view, will be driven by real-world asset (RWA) tokenization for investment purposes, “and, to a lesser degree, payments with stablecoins,” the report reads.
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