Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Euro Stablecoin Market Cap Doubles
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Euro Stablecoin Market Cap Doubles
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
Prior to MiCA, euro-denominated stablecoins' market cap contracted by 48% in the year leading up to June 2024.
By Jamie Crawley, AI Boost|Edited by Sheldon Reback
Dec 6, 2025, 1:00 p.m.
(jojooff/Pixabay modified by CoinDesk)
What to know:
- Euro-stablecoin market capitalization more than doubled in the 12 months after the June 2024 rollout of relevant MiCA regulations, reversing a 48% decline from the prior year.
- EURS, EURC and EURCV saw the strongest gains.
- Monthly euro stablecoin activity jumped US$3.8 billion from US$383 millionand consumer search interest rose sharply across multiple EU countries.
The euro stablecoin market has rebounded in the year since the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) came into force, with market capitalization doubling after regulations governing the tokens rolled out in June 2024, according to a new report.
The “Euro Stablecoin Trends Report 2025” from London-based payments processing company Decta points a potential shift for the tokens, whose value is pegged to the single European currency and which have historically struggled to gain traction against their U.S. dollar-pegged counterparts. The swing contrasts with the 48% contraction experienced the year before, according to the report. It also contrasts with a 26% advance in total stablecoin market cap.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
Euro coin market cap climbed to some $500 million by May 2025, the report said, mainly due to improved issuer obligations and standardized reserve requirements. It's now $680 million, according to data tracked by CoinGecko. Even so, that's just a tiny fraction of the $300 billion held in U.S. dollar-pegged tokens, a market dominated by Tether's USDT with Circle Internet's (CRCL) USDC in second place.
Growth has been especially concentrated among a few standout tokens. EURS, issued by Malta-based Stasis, posted the most dramatic gains, soaring 644% million to $283.9 million by October 2025. Circle Internet's EURC and EURCV, from Societe Generale's SG-Forge, also recorded significant gains.
Transaction activity surged in parallel. Monthly euro-stablecoin volume rose nearly ninefold after MiCA’s implementation US$3.83 billion. EURC and EURCV were among the biggest beneficiaries, with volume expanding 1,139% and 343% respectively, driven by increased usage in payments, fiat on-ramps and digital-asset trading.
Consumer awareness also appears to be climbing. Decta found substantial spikes in search activity across the EU, including 400% growth in Finland and 313.3% in Italy, with smaller but steady increases in markets such as Cyprus and Slovakia.
EuroStablecoinsMarkets
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Read full story
Latest Crypto News
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts
Trump’s Security Strategy: Impact on Bitcoin, Gold, Bond Yields
Top Stories
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
U.S. Prosecutors Seek 12-Year Sentence for Terraform Founder Do Kwon in Crypto Fraud Case
Trump’s Security Strategy: Impact on Bitcoin, Gold, Bond Yields
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K
European Crypto Scam Network Dismantled After Laundering $815M
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Turning Points in the Bitcoin Market: A Deep Dive into Future Price Moves
The post Turning Points in the Bitcoin Market: A Deep Dive into Future Price Moves appeared on BitcoinEthereumNews.com. Peter Brandt, a distinguished figure with a half-century of expertise in market analysis, has put forth a new Bitcoin chart analysis that may cause apprehension among stakeholders. Following a robust five-wave rally, the chart’s weekly outlook signals a broken curve, identifying two potential support zones notably beneath the current Bitcoin valuation. Continue Reading:Turning Points in the Bitcoin Market: A Deep Dive into Future Price Moves Source: https://en.bitcoinhaber.net/turning-points-in-the-bitcoin-market-a-deep-dive-into-future-price-moves
Share
BitcoinEthereumNews2025/12/07 19:54
‘Alien Earth’ Composer Jeff Russo Dives Into Score For FX Series
The post ‘Alien Earth’ Composer Jeff Russo Dives Into Score For FX Series appeared on BitcoinEthereumNews.com. FX’s Alien: Earth — Pictured: Timothy Olyphant as Kirsh. Courtesy of Patrick Brown/FX The following contains certain spoilers for Alien: Earth! When it came time to marry picture and music for FX’s Alien: Earth, series creator Noah Hawley did what he’s done for close to 20 years: call up Jeff Russo. “[He] said, ‘I’m adapting the Alien IP, for television. What do you think, musically?’” Russo recalls over Zoom. “We started talking and I began writing music for it. It seemed like…not a foregone conclusion, but a conversation that was being had.” A founder of Tonic and a previous member of Low Stars, the composer has scored all of Hawley’s film and television projects since The Unusuals (2009). “Everything I’ve learned about making music for storytelling, I learned by doing with him,” Russo adds. “He really knows what he wants. And when you have a confident filmmaker that is also open to artistic collaboration, it’s the best of all the worlds.” The first small screen translation of the nearly 50-year-old franchise known for straddling horror, sci-fi, and action genres, Alien: Earth takes place two years before the events of the 1979 original and nearly six decades before Aliens. “We talk a lot about trying to figure out what the underlying property is making our audience feel,” Russo explains. “Trying to create a unique narrative and way of telling the story, but at the same time, making the audience feel that same feeling. In this case, there’s that feeling of dread. There’s that tense, eerie feeling created with such a deft hand in Alien. And then [came Aliens, which was] such a great action piece. So how are we going to take those two ideas and sort of mix them together, have that be something unique and different, while eliciting the…
Share
BitcoinEthereumNews2025/09/18 07:23
Three Reasons Why Bull Run Is Not Over Yet
The post Three Reasons Why Bull Run Is Not Over Yet appeared on BitcoinEthereumNews.com. Rising stablecoin supply shows investors are still holding funds for the next rally. As major economies shift toward easier financial conditions global liquidity is turning upwards. Analyst states, “Bull run isn’t over, it’s delayed”. Bitcoin suffered a sharp crash after a sudden liquidity shock hit global markets, wiping out about millions in value within minutes. Analysts say the fall was not caused by Bitcoin itself but by a spike in Japanese government bond yields, which disrupted the yen carry trade and forced investors to unwind positions across multiple risk assets. Amid the market instability, the long-held idea that Bitcoin follows a clean four-year halving cycle is losing credibility. According to market analysts, the current slowdown looks more like a delay than the end of a bull run, citing several reasons. Growing Stablecoin Liquidity Even after the recent market pullback, total stablecoin supply continues to increase. This is a sign that large investors have not left the market. Instead, they are holding capital on the sidelines in stablecoins and waiting for better macro conditions. Rising stablecoin reserves often act as fuel for the next stage of a crypto rally. Global Liquidity Is Turning Upward Several major economies are moving toward easier policy. China has been injecting liquidity for months. Japan recently announced a stimulus package of about $135B and is easing crypto regulations. Canada is also shifting toward looser conditions. In the United States, the Federal Reserve has already stopped quantitative tightening, which historically happens before some form of liquidity expansion. Bitcoin rarely moves against a rising global liquidity cycle. Related: Bitcoin Loses the Payments War: Stablecoins Take the Lead in Global Settlement Upcoming Policies Could Add More Liquidity Policy actions in the U.S. may increase liquidity further. The Treasury’s General Account holds roughly $940B, about $90B above its normal range.…
Share
BitcoinEthereumNews2025/12/07 20:01