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Euro stablecoin surpasses $400 million! EURC dominates 70% of the market share, with 8 institutions competing for the Euro track
【Crypto World】The euro stablecoin market is experiencing explosive growth. The latest data shows that the euro stablecoin market cap has surpassed $400 million, an increase of over 170% since the beginning of the year, with a remarkable growth rate.
In this growth wave, Circle’s EURC dominates the market, controlling nearly 70% of the market share, forming a clear leading advantage. Currently, there are 8 institutions involved in euro stablecoin issuance, and the competitive landscape is gradually taking shape.
From an on-chain deployment perspective, Ethereum remains the main battleground for stablecoins, with Base and Solana following closely behind, becoming important deployment targets for euro stablecoins. This multi-chain distribution strategy reflects the market’s considerations in optimizing liquidity and user experience. As European crypto policies become clearer, euro stablecoins are expected to continue expanding their influence.