Europe growing into DeFi hub as US tightens screws on crypto

Research by Dove Metrics has delved into the European DeFi scene revealing that things are still looking healthy despite the market pullback and increased regulatory pressure.

A July 27 report noted that 56 European DeFi teams have raised $282 million in funds, representing around 20% of the global total in DeFi fundraising. It added that the Stasis Euro-backed stablecoin, EURS, has also gained momentum this year with a doubling of supply over the past two months to 88.6 million today (worth approximately $105 million).

“Now, Europe is attempting to position itself as a crypto hub, led by success stories like Argent, Aave, Centrifuge, and Nexus Mutual.”

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