The Euro-denominated stablecoins have breached the $1 billion mark in circulation, but this is just a meager 0.006% of the Eurozone’s $15.5 trillion money supply in the M2 category. It is a positive milestone, considering it has extended beyond Ethereum to include other platforms such as Solana, Polygon, Arbitrum, Base, Avalanche, and Stellar.
Key Trends:
- Multi-chain expansion: The issuance of Euro stablecoins has transcended one ecosystem, with issuers using tokenized euros on systems that range from payments and settlements to cross-border transfers.
- Stablecoins fueled by regulatory clarity: The Markets in Crypto-Assets regulatory framework has ensured a level of regulatory clarity, leading to the growth of the euro-stablecoin market.
- Market share: Even with these advances, euro stablecoins are much smaller than their dollar-backed b
$rethren and are not proportional to the actual usage level of the euro ¹².
Market Capitalization:
The euro stablecoin market capitalization has more than doubled in the past year since the implementation of MiCA regulations in June 2024. Its current market capitalization stands at $680 million in December 2025. Some of the largest euro stablecoins in terms of market capitalization include EURC, EURS, and EURCV²³.
Potential for Expansion: “The difference between the real-world presence of the Euro and its representation on the blockchain may well provide room for growth.” With the European Central Bank's Digital Euro initiative and the need for digital alternatives to the Euro, the stablecoin market of the Euro currency may see growth in the future.
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