Circle’s EURC Euro Stablecoin Circulation Surpasses 400 Million

Circle's euro-denominated stablecoin EURC has surpassed 400 million euros in circulation, with its supply growing more than 100% over the past year according to data reported by The Block. The growth reflects increasing demand for euro-backed digital assets in a stablecoin market still dominated by USD-backed tokens like USDC and USDT. The rise of EURC signals a growing appetite for non-dollar-pegged alternatives that hedge against dollar-centric volatility.