European high-net-worth investors have accepted purchasing European real estate through crypto assets

The co-founder of the crypto payment app Brighty, Nikolay Denisenko, stated that in the past year, hundreds of high-net-worth investors have used cryptocurrency to purchase properties in Europe. The platform has facilitated over 100 transactions, primarily concentrated in the UK, France, Malta, Cyprus, and Andorra, with individual amounts ranging from $500,000 to $2.5 million. Previously, high-net-worth clients mostly used USDC issued by Circle, but now, to avoid exchange costs, an increasing number of clients are turning to euro-pegged stablecoins (such as EURC).