The euro stablecoin market has experienced significant growth, reaching a market value of $480 million, up from $310 million, marking a 44% increase. This surge is largely attributed to the euro's 12.88% appreciation against the US dollar in the first half of the year. Circle's EURC stablecoin has been a standout performer, with its market value soaring by 138% to $200 million. Despite this growth, euro stablecoins still represent less than 1% of the market value of US dollar stablecoins. Additionally, the 90-day correlation between EUR/USD and Bitcoin has climbed to 0.62, the highest in 18 months.