EURC Holds 62% Market Share, Leading Euro Stablecoin Market

EURC (Euro Coin) maintains its lead in the euro stablecoin market with a market share of 62%. As of the 28th, the total market capitalization of the euro stablecoin category is approximately $742.55 million, with EURC's market capitalization reaching $460.82 million. According to DeFiLlama, the circulating supply of EURC is reported to be 395.09 million EURC. Circle announced that the circulating supply of EURC has exceeded 400 million euros. EURC is a stablecoin compliant with the European Union's MiCA regulations, with reserves held by regulated financial institutions in the European Economic Area. The European Central Bank (ECB) projects that the market capitalization of euro-denominated stablecoins will reach approximately 450 million euros by 2026. Dexta reported that the market capitalization of eight MiCA-compliant euro stablecoins has increased by 128% over the past year. Revolut has introduced the euro-based stablecoin EURR and has begun trial distribution. The euro stablecoin market's growth is linked to the increasing demand for regulated compliant assets within Europe, as factors such as issuer trust, actual payment use cases, exchange listing scope, and reserve transparency are crucial.