[{"data":1,"prerenderedAt":59},["ShallowReactive",2],{"post:en:euro-dollar-parity-a-look-at-the-impact-on-the-cryptocurrency-market":3},{"post":4,"related":27},{"id":5,"uuid":6,"slug":7,"source":8,"language":9,"title":10,"excerpt":11,"readingTime":12,"featured":13,"featureImage":14,"featureImageAlt":10,"publishedAt":15,"author":16,"primaryTag":20,"tags":21,"html":22,"featureImageCaption":20,"updatedAt":15,"availableLanguages":23,"seo":24},202,"62d054c9-f6bb-40ba-bd45-8e396da368f3","euro-dollar-parity-a-look-at-the-impact-on-the-cryptocurrency-market","pointpay","en","Euro-Dollar parity: a look at the impact on the cryptocurrency market","The euro came into circulation in 2002 after decades of discussion and planning to bring unity, prosperity, and stability to Europe. After two world wars in the first half of the 20th century, proponents argued that common institutions would reduce the risk of war and crisis and provide diplomatic arenas for conflict resolution. The euro was an important symbol of this unity.\nIn July 2022, the euro fell to $0.9998 against the dollar, its lowest level since December 2002, as the euro zone's energ",3,false,"https:\u002F\u002Fpointpay-blog-prod.s3.eu-north-1.amazonaws.com\u002Fblog\u002Fghost\u002Fimages\u002F2022\u002F08\u002FBlog_What_does_Euro_parity_to_USD_mean_for_crypto__09.08.2022.jpg","2022-08-10T10:47:30+00:00",{"slug":17,"name":18,"profileImage":19},"pointpay-team","PointPay Team","https:\u002F\u002Fpointpay-blog-prod.s3.eu-north-1.amazonaws.com\u002Fblog\u002Fauthors\u002F2026\u002F11\u002F4JkYLp4GwGYUTTjtkNR02wsrCVP0RrxQnL5UdyHF.png",null,[],"\u003Cp>The euro came into circulation in 2002 after decades of discussion and planning to bring unity, prosperity, and stability to Europe. After two world wars in the first half of the 20th century, proponents argued that common institutions would reduce the risk of war and crisis and provide diplomatic arenas for conflict resolution. The euro was an important symbol of this unity.\u003C\u002Fp>\u003Cp>In July 2022, the euro fell to $0.9998 against the dollar, its lowest level since December 2002, as the euro zone's energy crisis and economic woes continue to crush the single currency. \u003C\u002Fp>\u003Cfigure class=\"kg-card kg-image-card kg-card-hascaption\">\u003Cimg src=\"https:\u002F\u002Flh5.googleusercontent.com\u002FZQC6x1ap4lQrPlemi_0tvZSqpLtbPN0SVfTxIpA4kqCVAi-0Qdms1MsRPdowX4riHTUO2ahzMxbs5qN6BSD6C2lZHiUYU0gDbjJusngFLIAC6NIHOp_46doAWskWD757hG2WIcisSSlOBMtuvlD-qsM\" class=\"kg-image\" alt=\"\" loading=\"lazy\">\u003Cfigcaption>\u003Cem>Source: XE. EUR to USD one-year chart\u003C\u002Fem>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Cp>Meanwhile, the U.S. dollar index rose to its highest level since October 2002 before falling from that level.\u003C\u002Fp>\u003Cfigure class=\"kg-card kg-image-card kg-card-hascaption\">\u003Cimg src=\"https:\u002F\u002Flh6.googleusercontent.com\u002FIzMVdJEFGzYu54eFbk915xyZtvfVbYpnt5lqA1QgtJykH-qzyoBOflnmDSw3wrloLZqBcjPOw0p8N6bqF6jw1DnaLsAZ60-LIoWvVrTKwgMtnBMtpmYNL_OfIPfYZ6tfnsJYK5PgMENioC_aLUr2-_8\" class=\"kg-image\" alt=\"\" loading=\"lazy\">\u003Cfigcaption>\u003Cem>Source: Trading View. U.S. Dollar Currency Index one-year chart\u003C\u002Fem>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Cp>Even more remarkable than the euro breaking this level is how quickly it has fallen against the dollar. The currency used by 19 European countries has fallen more than 11 percent this year due to the dollar's strength. The euro falling below this level indicates a growing fear of a recession in the euro area.\u003C\u002Fp>\u003Ch3 id=\"why-the-euro-price-dropped\">Why the Euro price dropped?\u003C\u002Fh3>\u003Cp>The war in Ukraine and the pandemic have affected the global economy. Prices for key commodities, including oil and natural gas, have risen sharply, pushing food and energy prices worldwide. This resulted in the highest inflation rates in decades. Efforts to Wean Europe off Russian energy are proving difficult, while Chinese production has been restricted due to Covid-19 regulations. \u003C\u002Fp>\u003Cp>The United States and European central banks have committed to lowering inflation by raising interest rates even as the outlook for the global economy worsens. The decline also appears to have been caused by the ECB lagging behind the Fed in tightening monetary policy despite rising inflation and fears of a recession. This has strengthened the dollar but has not helped the euro much.\u003C\u002Fp>\u003Cp>In July, uncertainty over the future of Europe's energy supply and growing fears that Russia would permanently shut down a critical gas pipeline to Germany sent the euro to its lowest level in 20 years. However, analysts have been predicting this scenario for several months, including JPMorgan Chase and HSBC. A weaker currency will add to inflationary pressure in the European Union by making imports more expensive.\u003C\u002Fp>\u003Cp>\u003Cstrong>What does it mean for crypto?\u003C\u002Fstrong>\u003Cbr>The euro's fall to $1 for the first time in 20 years piqued the interest of some crypto traders. The exchange rate could affect the valuation of cryptocurrencies and stablecoins pegged to a single European currency.\u003C\u002Fp>\u003Cp>Euro stocks are falling more than US indices in the face of an outflow of capital from euro assets. And as one might expect, euro-based stablecoins have fallen harder than their dollar-based counterparts.\u003C\u002Fp>\u003Cp>Despite this, the euro-pegged stablecoin market is valued at $440 million. This represents less than 0.29% of the USD-pegged stablecoin market value of $151 billion. The cryptocurrency market generally has a market capitalization of $950 billion.\u003C\u002Fp>\u003Cfigure class=\"kg-card kg-image-card kg-card-hascaption\">\u003Cimg src=\"https:\u002F\u002Flh4.googleusercontent.com\u002FvNlgXUAPSISlX6QJFJj9ZyZx7LJL6qA_v2QoO8h5okG1a5AnEkYvpCP24d8J2tUuEcJYfXKLEed_hBCbaW8BbfqGITCQilsfckvy_i1Fueef9nIFrsvvZYqkhAOyLtHR6UX6LPRB9BUZKupi1Cr_5GU\" class=\"kg-image\" alt=\"\" loading=\"lazy\">\u003Cfigcaption>\u003Cem>Coingesko. Top EUR Stablecoin Coins by Market Cap\u003C\u002Fem>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Cp>Since euro-backed stablecoins make up such a small part of the overall market, the weakness of the euro is unlikely to impact the overall market capitalization significantly.\u003Cbr>\u003C\u002Fp>\u003Cp>Furthermore, the foreign exchange market is a zero-sum game. So if the euro is expected to lose ground against the dollar, it also means that the dollar is expected to rise. While a decline in the EUR\u002FUSD could reduce demand for euro-pegged stablecoins, it could stimulate demand for dollar-pegged stablecoins.\u003C\u002Fp>",[9],{"metaTitle":10,"metaDescription":11,"canonicalUrl":20,"og":25,"twitter":26,"publishedTime":15,"modifiedTime":15},{"title":10,"description":11,"image":14},{"title":10,"description":11,"image":14},[28,39,49],{"id":29,"uuid":30,"slug":31,"source":8,"language":9,"title":32,"excerpt":33,"readingTime":34,"featured":13,"featureImage":35,"featureImageAlt":32,"publishedAt":36,"author":37,"primaryTag":20,"tags":38},495,"95d648d6-f69e-4b45-a1ff-99133190b7ab","untitled-4","AMA session reminder!","Dear PointPay family,\nToday marks September 28th, the final Thursday of this month's journey. In keeping with our tradition, we are excited to announce an Ask Me Anything (AMA) session featuring PointPay CEO Vladimir Kardapoltsev. This engaging AMA session will be streamed live on our YouTube channel, commencing at 18:00 CET (9:00 PT).\nAs always, our broadcast promises a wealth of captivating content! First and foremost, Vladimir will deliver a month-end summary and revisit PointPay's key milest",1,"https:\u002F\u002Fpointpay-blog-prod.s3.eu-north-1.amazonaws.com\u002Fblog\u002Fghost\u002Fimages\u002F2023\u002F09\u002FBlog_AMA_today_28.09.2023.jpg","2023-09-28T17:05:00+00:00",{"slug":17,"name":18,"profileImage":19},[],{"id":40,"uuid":41,"slug":42,"source":8,"language":9,"title":43,"excerpt":44,"readingTime":34,"featured":13,"featureImage":45,"featureImageAlt":43,"publishedAt":46,"author":47,"primaryTag":20,"tags":48},494,"2ee63b6a-689b-4aea-8c38-3abd49f4a66a","introducing-the-brand-new-quant-qnt-asset-on-pointpay","Introducing the brand new Quant (QNT) asset on PointPay!","Introducing the crowd favorite, Quant (QNT) token! As of today, PointPay proudly offers the Quant token as part of its growing asset portfolio.\nRecently, we conducted an engaging activity open to all PointPay users. Participants were encouraged to submit their preferred assets for listing on PointPay. From the numerous submissions, we meticulously selected the top four most sought-after and frequently mentioned assets. These contenders battled fiercely for a coveted spot on PointPay's platform.\n","https:\u002F\u002Fpointpay-blog-prod.s3.eu-north-1.amazonaws.com\u002Fblog\u002Fghost\u002Fimages\u002F2023\u002F09\u002FWebsite_Quant_-QNT-_lands_on_PointPay-_20.09.2023.jpg","2023-09-25T10:30:05+00:00",{"slug":17,"name":18,"profileImage":19},[],{"id":50,"uuid":51,"slug":52,"source":8,"language":9,"title":53,"excerpt":54,"readingTime":12,"featured":13,"featureImage":55,"featureImageAlt":53,"publishedAt":56,"author":57,"primaryTag":20,"tags":58},493,"3caa26bd-b2d5-4e90-a34b-6c5315d728b1","pointpay-weekly-update-18-22-september-2023","PointPay Weekly Update (18 - 22 September 2023)","The week is coming to an end, and we've prepared our regular Weekly Update! All the news, events, and changes in PointPay for this week are gathered in one place.\nCompetitions\nLet's start with the announcement of the results of this round of PointPay Bug & Suggestions competitions! There were many great suggestions and ideas this week, but there can only be one winner, and it is:\n15560937943\nCongratulations on your victory! Your 7,500 PXP will be credited within a few working days.\nAlso, we have","https:\u002F\u002Fpointpay-blog-prod.s3.eu-north-1.amazonaws.com\u002Fblog\u002Fghost\u002Fimages\u002F2023\u002F09\u002FBlog_Weekly_22.09.2023.jpg","2023-09-22T15:09:23+00:00",{"slug":17,"name":18,"profileImage":19},[],1793989779601]