1/ Circle, US company, dominating EUR stablecoin market is such a European fail. Europe missed Big Tech, payments, cloud, fumbling AI and now EUR stablecoins. ECB plans digital EUR by 2029 but: - it's proposing a 3,000 EUR holding limit per wallet, transfer limits etc... Designed to fail. - by then Circle's network effects get locked in. It's like Tether <> Tron story repeating again: not the most optimal solution yet they locked in users and network effects. European native stablecoin projects exist (Qivalis, EURe, EURI, EURA) but they're small. They lack funding and incentives for adoption. What's even more humiliating is that Circle is fundamentally a USDC company. USDC is $70B and EURC .... $460M. Europe's dominant euro stablecoin is a side project for an American company focused on growing the dollar hegemony.(Ignas | DeFi)