Demand for euro-linked stablecoin ”EURC” on the rise due to the fall in the value of the dollar

The market capitalization of EuroCoin (EURC), a euro-pegged stablecoin issued by Circle, is growing rapidly. The tariff war has caused the value of the euro to rise and the dollar to fall.
Alex Obchakevich, founder of Obchakevich Research, said through X (formerly Twitter) that "in recent weeks,
"There has been a lot of interest in the euro," he said, "and that interest is leading to Circle's EURC stablecoin."
According to Ovchakevich, the DeFi (decentralized finance) protocol Aave has received 2.3 million euros in funding this month.
Euro coins have flowed in. Cointelegraph analyzed this by saying, "Investors are flocking to euro coins that comply with MICA."
While Tether, which issued USDT, was unable to secure a license under the MICA Act, USDC and Eurocoin issuer Circle have secured licenses.
MIKA is a European Union (EU) virtual asset exclusive bill.