European Banks Move to Ethereum for Sovereign Settlement
Euro-pegged stablecoin inflows on Ethereum have increased in recent months, with over 42% of these inflows moving into DeFi protocols. This shift follows the implementation of MiCA regulation, which provides a framework for stablecoin issuance and compliance. Under MiCA, banks can build services rather than observing market developments. European banks and corporates are now selecting partners for stablecoin deployment. European institutions are assessing Ethereum as a settlement layer for financial activity.
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