Europe is actively trying to stop the dollar stablecoin takeover

Europeans conduct 38% of global stablecoin transactions, but euro-denominated tokens account for just 0.3% of the total stablecoin supply. The continent is among the world's most active users of stablecoins, and almost none of them are based on the euro.

That gap was one of the main talking points of a consequential meeting in Nicosia, Cyprus, last Thursday, where EU finance ministers gathered…