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In the battle of computing power set off by the large model, the three Chinese entrepreneurs behind it became the protagonists.

The market size of the Euro stablecoin is relatively small, accounting for only 1% of the US Dollar stablecoin. The main stablecoins include EURT, EUROC, EURS, agEUR, ibEUR, and sEUR. Despite the great market potential, the actual usage ratio of most Euro stablecoins is low, primarily concentrated in liquidity pools. With market development, Euro stablecoins are expected to see a rise.

In 2024, the development of virtual assets in Hong Kong is rapid, with the approval of Spot Bitcoin and Ether ETFs, JD.com entering the stablecoin market, the Hong Kong Stock Exchange launching a virtual asset index, ZA Bank launching crypto asset trading, the release of stablecoin regulatory draft, the addition of new exchanges, promoting financial innovation and strengthening regulation.

Although the euro stablecoin market is inferior to the US dollar stablecoin, it has great potential. Major euro stablecoins such as EURT, EUROC, EURS, and agEUR each have their own characteristics, and the market size is gradually increasing. On-chain applications are mainly concentrated in decentralized exchanges, such as Curve and Uniswap V3. With the addition of new projects, the market is expected to see further growth.

In 2024, Hong Kong's virtual asset sector experienced significant developments, including the approval of Spot Bitcoin and Ether ETFs, JD's entry into the stablecoin market, the launch of the Ensemble project sandbox, and the appointment of a new chairman of the Securities and Futures Commission. At the same time, multiple trading platforms were licensed and launched virtual asset indices, driving trading activities and promoting financial innovation.