Circle's EURC stablecoin has seen a remarkable increase of over $110 million in market capitalization this year, soaring from approximately $205 million to about $430 million. As of mid-July, the token's circulation is around €378 million, giving it a market share of over 40% in the euro stablecoin sector, up from approximately 17% last year.
The growth of EURC can be attributed to the implementation of the Markets in Crypto-Assets (MiCA) regulations, which has significantly impacted the space of euro stablecoins. Many issuers, unable to meet compliance standards, have exited the market, including Tether's EURT.
In 2024, Circle obtained a French Electronic Money Institution license, allowing it to operate smoothly across the EU and European Economic Area. EURC's supply increased dramatically, growing from about 309 million tokens at the end of 2025 to around 390 million by early 2026.
Circle has also expanded EURC's presence across multiple blockchain networks, including Ethereum and Solana, with its latest launch on Coinbase’s Base network on July 9. Following this expansion, daily active addresses for EURC reached an all-time high of 1,760.
This growth trend is primarily driven by enterprise-level integrations rather than retail consumer adoption. Circle is working on payment solutions with partners such as Visa and exploring support for point-of-sale terminals through Ingenico, potentially increasing the token's use in physical retail environments.
Despite the euro stablecoin market approaching a record high of nearly $900 million, it remains a fraction compared to the dollar stablecoin market, which is measured in the hundreds of billions.
This material is for informational purposes only and should not be considered financial advice.
