The market cap of euro stablecoins has doubled since MiCA came into effect, but there is still a huge gap compared to dollar stablecoins.

2025-12-06 13:22:32

According to TechFlow, on December 6, Coingecko data shows that the market capitalization of euro stablecoins has doubled in the year since the European Union’s Markets in Crypto-Assets Regulation ((MiCA)) came into effect, currently reaching approximately $683 million. However, there is still a huge gap compared to the more than $30 billion market capitalization of US dollar stablecoins.

Additionally, the “2025 Euro Stablecoin Trends Report” released by London-based payment company Decta points out that the recent growth of euro stablecoins is mainly concentrated among a few leading tokens. For example, the market cap of EURS grew by 6.44%, while Circle’s EURC and Société Générale’s EURCV also saw significant growth, with trading volumes increasing by 1139% and 343% respectively. Decta’s research also indicates a substantial increase in euro stablecoin search activity across the EU, with Finland up 400%, Italy up 313.3%, and smaller but steady growth in markets such as Cyprus and Slovakia.

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