Circle's EURC Crosses €400 Million as Euro Stablecoins Gain Traction

Circle's EURC euro stablecoin has surpassed €400 million in circulation for the first time, a tenfold increase since the EU's MiCA regulation took effect in December 2024. Launched on Ethereum in June 2022, EURC now operates across five blockchains, processes $10–20 billion in monthly transaction volume, and has been integrated into settlement and payment infrastructure by Visa, Mastercard, and Thunes. Despite this growth, euro stablecoins collectively represent less than 1% of the global stablecoin market, which remains nearly 98% dollar-denominated according to the Bank for International Settlements.