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The stablecoins used include USDCV, EURCV, USDG, PYUSD, RLUSD, among others.
Grats on ignoring all the evidence I put forth that argued in my favor and singling out speed, something that is clearly part of the benefits of tokenizing RWAs, as being "goalpost shifting". I'm gonna feel like a broken record, but god damn this is surface level stuff, so again I gotta say: do... better... research. And since that seems like a tough ask for you, I'll give you a head start on learning about how tokenization is about more than just the dollar amount, specifically how speed is a benefit(as obvious as that might be to others): * Larry Fink, CEO of BlackRock: "We believe the next step going forward will be the tokenization of financial assets... We would have **instantaneous settlement**. Think about all the costs of settling bonds and stocks. If you had tokenization everything would be immediate, because it's just a line item." https://youtu.be/HTveRlW7QPo?t=154 * Tokenized Money Market Funds: Transforming treasury for the future (May 2025) Traditional intercompany payment processes using money market funds can be tedious and time-consuming. Learn more about how tokenized money market funds offer the potential for **more efficient and faster transactions**. https://www.franklintempleton.com/about-us/our-teams/specialist-investment-managers/digital-assets/research-hub * By deploying its stablecoin EUR CoinVertible (EURCV) on Solana, SG-FORGE intends to improve the user experience on various DeFi platforms, payment solutions and other decentralized applications. The Solana network stands out for its ability to handle tens of thousands of transactions per second (TPS), making it one of the fastest blockchains in the industry. The network offers the scalability necessary to support global adoption of digital assets, while maintaining low transaction costs, an essential factor for stablecoins used in everyday payments and cross-border remittances. https://www.sgforge.com/societe-generale-forge-solana-network/ * Operational efficiency. Web3 tokenization can help streamline processes, automate transactions, and more, making operations more efficient. https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-tokenization * By utilizing tokenization and the technological improvements that a blockchain-based model offers, operational agility can improve, increasing both flexibility and speed. https://www.pwc.com/us/en/tech-effect/emerging-tech/tokenization-in-financial-services.html
The dominance of MiCA-compliant stablecoins in the European market has led to a significant shift in trading volumes, with euro-denominated transactions surpassing previous records. Notably, MiCA compliance has enabled these stablecoins, like Circle's EURC and Société Générale's EURCV, to capture over 90% of the market share, contrasting with the challenges faced by non-compliant stablecoins like Tether. * [MiCA-compliant stablecoins dominate European market — Kaiko](https://cointelegraph.com/news/mi-ca-compliant-stablecoins-dominate-european-markets-kaiko) * [MiCA is Reshaping EUR Stablecoin Markets](https://research.kaiko.com/insights/mica-is-reshaping-eur-stablecoin-markets) ^(Hey there, I'm not a human \(sometimes I am :\) \). I fact-check content here and on other social media sites. If you want automatic fact-checks and fight misinformation on all content you browse,) [^(check us out.)](https://critiquebrowser.app)
tldr; As cryptocurrency adoption grows in Europe, MiCA-compliant stablecoins are capturing a significant market share. A report by Kaiko and Bitvavo highlights the expansion of euro-denominated trading volumes, which consistently exceeded 2023 averages in 2024. The euro has become the third most-traded fiat currency in crypto, with stablecoins adapting to new regulations. MiCA regulations have reshaped the stablecoin landscape, with Circle’s EURC, Societe Generale’s EURCV, and Banking Circle’s EURI holding 91% of the market share by November 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.