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Main Takeaway The market capitalization of euro-pegged stablecoins doubled in the year following the implementation of the European Union's Markets in Crypto-Assets (MiCA) framework, which came into force in June 2024. This growth marks a significant recovery from the 48% contraction the sector experienced in the previous year.

Key Statistics

  • Market Cap Growth: The total market cap for euro stablecoins climbed to approximately $680 million (up from ~$500 million in May 2025).

  • Transaction Volume: Monthly transaction volume surged nearly ninefold, reaching $3.83 billion.

  • Market Comparison: Despite this rapid growth, the euro stablecoin market remains a tiny fraction of the $300 billion USD-pegged stablecoin market.

Top Performers

  • EURS (Stasis): Recorded the most dramatic gains, rising 644% to reach a market cap of $283.9 million by October 2025.

  • EURC (Circle) & EURCV (Société Générale): Both saw significant increases in volume and usage, driven by payment and trading adoption. EURC's volume specifically expanded by over 1,000%.

Adoption Drivers The report credits the growth to the regulatory clarity provided by MiCA, which established standardized reserve requirements and issuer obligations. Consumer awareness also spiked, with significant increases in search activity for euro stablecoins in EU nations like Finland (+400%) and Italy (+313%).