The cryptocurrency market is set to experience some significant changes with new entrants like the EURI Coin. This newly launched euro-pegged stablecoin has complied with the Market in Crypto Assets Regulation (MiCA) under EU's new rules likely to boost euro-denominated stablecoins. Additionally, other global platform such as Banking Circle and Binance Eurite are venturing into the euro-backed stablecoin market providing competition. However, controversies are also part of the market as crime related to counterfeit euro coins continue to be a problem in countries like Spain and North Macedonia.
On the physical currency side, certain euro coins have surprising value, especially among collectors. For instance, Ronaldo Euro coin and the Greek Owl Euro Coins have soared in value, potentially worth a fortune to collectors. Even certain less-known coins like the 1 Euro Coin and €2 coins can be lucrative, based on the destination they propose or their rarity. Change in coinage is also happening, as seen with Estonia phasing out one and two-cent euro coins.
In terms of commemorations, various countries are issuing special euro coins, including Portugal which issued €7 Ronaldo coin, Croatia with its special €6 ‘Trsat Dragon’ coin, and Latvijas Banka issuing collector coins with unique symbolism. Given these changes, both digital and physical, the euro coin market is certainly an intriguing space for both investors and collectors alike.
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