Data: The market capitalization of euro-denominated stablecoins has nearly doubled in the past year, reaching approximately $683 million.
TL;DR
Euro-denominated stablecoin market cap has nearly doubled to $683 million since MiCA regulation, but remains far below dollar stablecoins. Growth is concentrated in leading tokens like EURS, EURC, and EURCV, with significant trading volume and search increases in EU countries.
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On December 6th, Coingecko data showed that the market capitalization of euro-denominated stablecoins has doubled since the EU's Crypto Asset Market Regulation (MiCA) came into effect a year ago, currently totaling approximately $683 million. However, this is still significantly lower than the over $300 billion market capitalization of dollar-denominated stablecoins. London-based payments company Decta's "Euro Stablecoin Trends Report 2025" indicates that recent growth in euro-denominated stablecoins is primarily concentrated on a few leading tokens. For example, EURS saw a 6.44% increase in market capitalization, while Circle's EURC and Société Générale's EURCV also experienced significant growth, with trading volumes increasing by 1139% and 343% respectively. Search activity for euro-denominated stablecoins has increased substantially across the EU, with Finland seeing a 400% increase and Italy a 313.3% increase. Smaller but steady growth has also been observed in markets such as Cyprus and Slovakia.