As trade tensions in the United States escalate and the dollar shows weakness, the demand for Circle's euro-pegged stablecoin EURC has surged, with its supply reaching an all-time high last month, according to CoinDesk. According to RWA.xyz data, the EURC supply was $246 million in March, increasing by 43% to record its highest level ever. This is higher than Paxos' Global Dollar (USDG) in market capitalization and lower than Ripple's RLUSD. In this context, media outlets noted, "EURC is the largest euro stablecoin in the market, but its scale is small compared to the dollar stablecoin market, which accounts for 99% of the total stablecoin market. However, EURC's rapid growth could be a signal of increasing diversification demand for euro cryptocurrencies. Especially as the uncertainty of the US economy grows due to the broad tariffs imposed by the Trump administration, cryptocurrency investors are exploring alternative options."