Over the past year, stablecoins have facilitated real estate transactions valued between $500,000 and $2.5 million in the UK, France, and Malta, with an increasing number of high-net-worth individuals using cryptocurrencies for property purchases. The Lithuania-licensed app Brighty has facilitated over 100 such transactions and has observed a shift in client preferences: they now favor stablecoins pegged to the euro (e.g., EURC) over USDC to avoid conversion costs associated with European assets. This trend highlights the growing importance of cryptocurrencies in large-scale investments, especially as traditional banks remain cautious about handling such transactions.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Over the past year, stablecoins have facilitated real estate transactions valued between $500,000 and $2.5 million in the UK, France, and Malta, with an increasing number of high-net-worth individuals using cryptocurrencies for property purchases. The Lithuania-licensed app Brighty has facilitated over 100 such transactions and has observed a shift in client preferences: they now favor stablecoins pegged to the euro (e.g., EURC) over USDC to avoid conversion costs associated with European assets. This trend highlights the growing importance of cryptocurrencies in large-scale investments, especially as traditional banks remain cautious about handling such transactions.