🔥 Key Takeaways
- Brighty, a Lithuania-licensed crypto payments app, brokered over 100 property deals worth $500,000 to $2.5 million in the UK, France, and Malta.
- Monthly spending by wealthy clients using Brighty for property purchases is $50,000.
- Euro-backed stablecoin transactions sizes increased from €15,785 in Q3 to €59,894 in Q4, showing a preference for EURC over USDC to avoid conversion costs in European markets.
Stablecoins Power $500K-$2.5M Property Deals Across UK, France, and Malta: Report
The real estate market is increasingly embracing cryptocurrency, particularly stablecoins, for high-value property transactions. A recent report highlights the significant role played by stablecoins in property deals across the UK, France, and Malta. Lithuania-licensed crypto payments app Brighty has been at the forefront of this trend, facilitating over 100 property deals worth between $500,000 and $2.5 million.
Brighty’s wealthy clients, who spend an average of $50,000 monthly on property purchases, have shown a strong preference for using stablecoins. The transaction sizes for euro-backed stablecoins, specifically EURC, have seen a substantial increase from €15,785 in Q3 to €59,894 in Q4. This shift underscores the growing acceptance and practicality of stablecoins in the real estate sector, particularly in Europe.
One of the key factors driving this trend is the elimination of conversion costs. For European buyers, using EURC instead of USDC reduces the need for currency conversions, making transactions more efficient and cost-effective. This preference for EURC highlights the importance of local currencies in the crypto space and the growing demand for stablecoins that align with the economic needs of specific regions.
Brighty’s success in brokering these high-value property deals demonstrates the potential of stablecoins to transform traditional real estate transactions. By leveraging blockchain technology, Brighty is able to offer faster, more secure, and more transparent processes, which are particularly appealing to high-net-worth individuals and institutional investors.
The integration of stablecoins into the real estate market is not just a technological advancement but also a sign of the broader adoption of cryptocurrencies in everyday financial activities. As more jurisdictions embrace crypto-friendly regulations, the use of stablecoins in large transactions is likely to become even more prevalent.
In conclusion, the report underscores the growing influence of stablecoins in the real estate sector, particularly in Europe. The preference for EURC over USDC and the increasing transaction sizes indicate a maturing market where stablecoins are becoming a reliable and convenient tool for high-value property deals.
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