MiCA Proves Effective: Euro Stablecoins Experience Significant Growth in 2024–2025
Market Recovery: The euro-stablecoin market has seen a significant turnaround since the implementation of the Markets in Crypto-Assets Regulation (MiCA), with market capitalization more than doubling and supply reaching approximately $680 million by May 2025, despite still being a fraction of the dollar-pegged token market.
Leading Issuers: The rebound has been primarily driven by a few key issuers, such as Stasis, Circle, and SG-Forge, which have benefited from clearer regulatory frameworks that facilitate integration with European financial institutions and payment processors.
Increased On-Chain Activity: Following MiCA, transaction volumes for euro-stablecoins surged nearly nine-fold, indicating a shift towards greater use in payments and trading, with platforms beginning to adopt euro tokens as collateral.
Growing Consumer Awareness: Public interest in euro-stablecoins has risen significantly across Europe, with notable increases in search volumes, suggesting that awareness is catching up with institutional adoption, although a substantial gap remains compared to dollar-denominated tokens.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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