Euro Stablecoins Shatter $1B Barrier as EURC Emerges as the Unstoppable Growth Leader

Forget the dollar's dominance—the euro just fired a warning shot across the bow of global finance.

The Quiet Revolution in Your Digital Wallet

While traditional banks debate interest rates in wood-paneled rooms, a silent shift is rewriting the rules of cross-border money. Euro-pegged stablecoins have officially crossed the billion-dollar threshold, a milestone that signals more than just growth—it signals a vote of confidence in a digital Euro alternative.

EURC: The Engine Behind the Surge

Leading the charge isn't a consortium of legacy banks, but EURC. Its adoption curve isn't just climbing; it's scaling a vertical wall. This isn't about replacing cash under the mattress; it's about providing a seamless, blockchain-native settlement layer that bypasses the correspondent banking spaghetti of old. Think instant, transparent, and borderless—everything the traditional system struggles to be.

Why This Number Actually Matters

Hitting $1B in circulation isn't just a vanity metric. It's the liquidity tipping point. It means deeper pools for traders, lower slippage for institutions, and a robust foundation for developers building the next wave of DeFi and payment apps. It transforms the euro from a fiat currency confined by geography into a programmable asset with global reach.

The old guard might dismiss it as a rounding error in the trillion-dollar forex market—a classic finance move, ignoring the disruptor until it's eating their lunch. But the genie is out of the bottle. The race for the future of money isn't a single-currency affair anymore, and Europe's digital contender just found its stride.

In brief

• Euro stablecoins exceed $1B in value, driven mainly by EURC growth, while other euro-pegged tokens remain small.
• EURC wallets surpass 150,000 holders, indicating clear gains in user adoption across European crypto markets.
• USDC records millions of holders across Base, Polygon, Solana, and XDC as on-chain usage continues to rise.
• Cross-chain USDC transfers pass $30B in Q4 2025, signaling stronger transaction activity over passive supply growth.

EURC Strengthens Lead in Euro Stablecoin Market as Adoption Accelerates

Euro-denominated stablecoins have passed a key milestone, with their combined market value surpassing $1 billion. That total has doubled since the start of the year. EURC drives most of this increase, growing steadily as other euro-based tokens remain comparatively small. As a result, EURC now accounts for most of the euro stablecoin supply.

User data also reflects rising adoption of euro-pegged digital currencies. Wallets holding EURC have surpassed 150,000, marking a sharp increase over recent months. Other euro stablecoins show limited movement, reinforcing EURC’s lead in both supply and usage.

USDC growth appears most clearly in active network environments. Supply on the XDC Network has surpassed $200 million, after remaining below $50 million for most of the year and then rising sharply in December. 

USDC Maintains Broad Network Reach as Activity Shifts On-Chain

Across chains, the stablecoin USDC is maintaining a broad user base. Base leads with roughly 6.4 million holders, followed by Polygon at 6.2 million and Solana at around 5.7 million. Arbitrum and Optimism also report user counts in the millions.

Several factors help explain USDC’s continued expansion across networks:

• Wide availability across major blockchains.
• Strong demand for on-chain liquidity.
• Active use in payments and DeFi applications.
• Simple cross-chain movement through CCTP.
• Consistent growth in wallet holders.

Cross-chain flows add further support to this pattern. Quarterly CCTP transfer volumes have risen steadily since 2023 and reached an all-time high in the fourth quarter of 2025, surpassing $30 billion. Activity across Ethereum, Solana, Base, Arbitrum, and Polygon suggests frequent fund movement rather than long-term inactivity.

European banks are also entering the digital asset space through fiat-pegged crypto projects. Nine major institutions plan to issue a MiCA-compliant euro stablecoin built directly on-chain, with an initial launch expected in the second half of 2026.

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