High Net Worth Individuals (HNWI) in Europe have embraced purchasing European real estate through cryptocurrency assets

BlockBeats News, January 11th, Nikolay Denisenko, co-founder of the crypto payment app Brighty, stated that over the past year, hundreds of high-net-worth individuals have used cryptocurrency to purchase real estate in Europe. The platform has facilitated over 100 transactions, mainly concentrated in the UK, France, Malta, Cyprus, and Andorra, with transaction amounts ranging from approximately $500,000 to $2.5 million. Previously, high-net-worth clients mostly used Circle's USDC; however, to avoid conversion costs, more and more clients are turning to Euro-pegged stablecoins (such as EURC) (CoinDesk).