In this KvaPay's month in crypto we will discuss: How the European Central Bank is sounding the alarm over the rapid rise of dollar-backed stablecoins and what that means for the euro’s future in the digital economy. With 99% of the $300 billion stablecoin market tied to the US dollar, officials fear losing monetary influence as Europeans increasingly opt for dollar-based digital assets. Meanwhile, euro-stablecoin issuers argue that a strong private euro-stablecoin ecosystem—not a slow-moving digital euro—is the key to countering U.S. dominance and securing the euro’s relevance in global crypto markets.

As the crypto landscape evolves at fast speed, October proved to be a month of record-breaking developments, regulatory shifts, and institutional momentum. From the European Central Bank taking concrete steps toward a digital euro to the explosive growth of the stablecoin market, the sector continued to push boundaries despite market turbulence.

September brought a wave of developments reshaping the financial and crypto landscape across Europe and beyond. From new momentum in multicurrency stablecoins and bank-backed blockchain experiments to the delayed timeline for the digital euro and fresh moves by major institutions like Circle, Deutsche Börse, and top European banks, the stage is being set for a more diversified digital economy. At the same time, macroeconomic strains—like France’s soaring deficit—are fueling debates on Bitcoin’s role as a hedge against fiat instability.

Every month we bring you the most essential updates from Europe’s crypto scene. From the ECB’s digital euro plans to corporate bitcoin adoption and retail payment breakthroughs.

As the European Union's Markets in Crypto-Assets (MiCA) regulation comes into effect, crypto exchanges are setting up shop in Europe to secure licenses and capitalize on the region's growing institutional involvement. Major exchanges have already secured licenses under MiCA, which provides a clear regulatory framework and fosters stability.

Europe is quickly emerging as a global crypto leader. The continent’s first Bitcoin treasury firm has expanded its holdings beyond $170 million, while an institutional investor has made the first direct purchase of tokenized real estate via MetaWealth. With the MiCA framework driving adoption, Europe has now surpassed the US in crypto uptake. Despite warnings from the ECB, the European Commission downplays stablecoin risks — a stance that may have supported the BaFin-approved launch of EURAU, a MiCA-compliant euro stablecoin by Deutsche Bank and DWS. Meanwhile, crypto cards are beginning to outperform traditional banks in Europe’s growing micro-spending economy.

After a month, KvaPay once again brings you the most important news from the European cryptocurrency world. Adoption across Europe continues to grow and bitcoin is entering the last phase of its cycle. The European Union, on the other hand, is haunted and wants to introduce the digital euro.

A lot happened in March and the whole cryptocurrency market experienced a pretty significant drop. As far as price trends are concerned, they are negative across the board. Even so, there is some positive news. Here we go!

Layer 2 solutions are protocols built on top of blockchain networks (Layer 1) like bitcoin or ethereum to enhance their scalability, speed, and cost efficiency.

KvaPay is your go-to source for the latest and most exciting news from Europe and around the world! Every month, you'll get the inside scoop on the most thrilling stories from the world of cryptocurrency. So, let's dive in!

Kvakomat is once again spreading its availability to our amazing customers and new machines were installed in the eastern parts of Hungary.

Traditional international wire transfers can eat up to 5 % of your transaction amount. You'll lose 500 EUR for every 10,000 EUR sent across borders.