Schuman Financial Founder Martin Bruncko says that the rise of Euro Stablecoins is “inevitable” because Europe insists to digitize its financial systems and at the same time strongly resist the dollarization.
On July 1 in ETHCC in Cannes, Schuman Financial founder Martin Bruncko projected that Euro Stablecoins will surpass € 100 billion in market capitalization and possibly reach € 1 trillion, despite the fact that they are currently far behind Dollar Stablecoins.
As more of traditional financing moves on the chain, Brunchko argues, the demand for digital assets soaked by euro is inevitable. Stablecoins have already established more than € 25 trillion per year, which is more than Visa or Mastercard. Moreover, financial institutions are increasingly investigating blockchain -based payments. Given that Euro -markets are about a third of the worldwide financial activity good, Bruncko considers it inevitable that a significant part of that volume will move to Euro Stablecoins.
What makes this shift even more likely, according to Bruncko, is the resistance of Europe against dollarization. With MICA regulations that conclude the use of non-European stablecoins in payments, and not a political hunger to exchange the euro for the dollar, a home-pegged digital currency becomes a necessary part of the financial puzzle.
He summarized his case as follows: “If you believe that financial services are on-chain moving on-chain and that Europe cannot quickly dollar, then you will inevitably end with one or more euro stablecoins-not only a market of € 100 billion, but probably € 1 trillion or more.”
According to Bruncko, the Euro Stablecoin market is currently in the hundreds of millions compared to nearly $ 200 billion for dollars-based Stablecoins. But he believes that this is due to a lack of high quality options and use use in practice.
Schuman Financial, the company of Bruncko, wants to change that with his own Euro Stablecoin Eurøp. Eurøp is fully in France and is supported by reserves in Société Générale – one of the largest banks in Europe – and controlled by KPMG. Eurøp is already mentioned at large European stock exchanges. The company also builds its own payment stack, including direct integration with SEPA and Swift.
Regarding the digital currency of the Central Bank, which are often seen as the more bureaucratic cousins of Stablecoins, Bruncko expressed skepticism and claimed that European governments simply did not move fast enough to roll out a usable digital euro, especially one that would actually adopt crypto-native developers and users. “There is no way in which we will see a functional, mainstream CBDC in the next 3 to 5 years,” he said.
Bruncko’s speech about Euro Stablecoins really recorded the atmosphere at ETHCC in Cannes, where Stablecoins were a hot topic that was discussed from different angles.
Among other things, speakers, Zain Cheng van Horizen Labs investigated the future of private stablecoins, aimed at how privacy and regulations can be balanced with the help of cryptographic solutions. Tom.Base.eth van Base spoke about how local currency stabelecoins and mini apps enable developers to build worldwide trading products with direct range, while Scott Piriou van Bitusd shared insights about designing BTC-steered disocalized Stabilecoins.
