Euro Stablecoin Market Doubles to $680M Amid MiCA-Driven Growth
The euro stablecoin market has surged to $680 million in market capitalization, marking a 100% increase since the implementation of the EU’s Markets in Crypto-Assets Regulation (MiCA). Regulatory clarity and standardized reserve requirements have fueled this rebound, reversing a previous 48% contraction.
Growth has been concentrated among major issuers. Stasis’ EURS leads with a 644% expansion to $283.9 million, while Circle’s EURC and Societe Generale’s EURCV also show significant gains. Transaction volumes have increased nearly ninefold, signaling robust adoption across EU markets.
Despite this growth, euro-denominated stablecoins remain a niche segment compared to the $300 billion dominance of dollar-pegged tokens like USDT and USDC. The uptick reflects institutional confidence in MiCA’s framework, though broader market penetration remains a challenge.
