According to DefiLlama data, the total market capitalization of stablecoins has risen to $229.3 billion, growing by 0.91% over the past week. USDT continues to dominate with a market share of 62.72%, solidifying its position as the leading stablecoin.

However, the development of digital currencies in Europe itself is not recognized by mainstream financial institutions, but rather takes root in smaller countries in Eastern Europe. Conversely, Europe's attitude has led to it being abandoned by digital currencies, so European regulation will only make Europe fall further behind the pace of the times.