Catenaa, Tuesday, December 09, 2025- The euro stablecoin market has doubled over the past year, reaching roughly $680 million in market capitalization, following the EU’s Markets in Crypto-Assets Regulation rollout, reports say
Growth is concentrated among major issuers such as Stasis’ EURS, Circle’s EURC, and Societe Generale’s EURCV, while transaction volumes have surged nearly ninefold, signaling rising adoption across the European Union.
Decta’s Euro Stablecoin Trends Report 2025 shows the market climbed to around $500 million by May 2025 after MiCA’s June 2024 implementation.
Clearer issuer obligations and standardized reserve rules are credited with reversing last year’s 48% contraction. EURS expanded 644% to $283.9 million as of October, while EURC and EURCV also saw notable gains, driven by use in cross-border payments, fiat on-ramps, and crypto trading pairs.
On-chain activity mirrored market growth, with monthly transaction volume reaching $3.83 billion post-MiCA. Public interest has surged, with search activity spiking 400% in Finland and more than tripling in Italy, indicating broader awareness of euro-denominated digital assets.
Despite gains, the euro stablecoin sector remains small compared with the nearly $300 billion held in US dollar-backed tokens, dominated by USDT and USDC.
Ten European banks are developing a euro stablecoin under Dutch Central Bank oversight, aiming for regulatory approval in late 2026.
Poland remains the only EU state without MiCA-aligned rules after a veto blocked a national digital-asset bill. Authorities cited money-laundering and security concerns, while the government must restart the legislative process to comply with EU standards.
