Stablecoins Power $500K-$2.5M Property Deals Across UK, France, and Malta: Report

Core Insights - The use of stablecoins for property transactions in Europe has increased significantly, with transactions ranging from $500,000 to $2.5 million, indicating a growing trend among wealthy crypto holders to utilize digital assets for real estate purchases [1][2] - Brighty, a Lithuania-licensed crypto payments app, has facilitated over 100 property deals, allowing high-net-worth clients to bypass traditional banking systems for faster transactions [1][2] Group 1: Market Trends - There is a notable shift in the preference for euro-pegged stablecoins over USDC for real estate transactions, driven by the desire to avoid conversion costs when purchasing properties in Europe [4][5] - Brighty has reported an increase in average transaction sizes for euro-backed stablecoins, rising from €15,785 in Q3 to €59,894 in Q4, as wealthy individuals opt for Circle's EURC instead of USDC [4] Group 2: Industry Dynamics - The demand for crypto-enabled property transactions is growing as traditional banks remain hesitant to process such deals, creating opportunities for specialized platforms like Brighty [6] - Brighty serves between 100 and 150 affluent customers, with an average monthly spending of $50,000, highlighting the platform's appeal among high-net-worth individuals [2]