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Crypto / Economy Economy

Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro

Source: coinDesk September 9, 2026 · 07:58
Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
Photo by Markus Winkler · Pexels
From the publisher
Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply. He traces the gap to path dependency and missing euro DeFi infrastructure, and argues MiCA-regulated issuance and euro vault rails are changing it.

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