Data: The market capitalization of euro-denominated stablecoins has nearly doubled in the past year, reaching approximately $683 million.

On December 6th, Coingecko data showed that the market capitalization of euro-denominated stablecoins has doubled since the EU's Crypto Asset Market Regulation (MiCA) came into effect a year ago, currently totaling approximately $683 million. However, this is still significantly lower than the over $300 billion market capitalization of dollar-denominated stablecoins. London-based payments company Decta's "Euro Stablecoin Trends Report 2025" indicates that recent growth in euro-denominated stablecoins is primarily concentrated on a few leading tokens. For example, EURS saw a 6.44% increase in market capitalization, while Circle's EURC and Société Générale's EURCV also experienced significant growth, with trading volumes increasing by 1139% and 343% respectively. Search activity for euro-denominated stablecoins has increased substantially across the EU, with Finland seeing a 400% increase and Italy a 313.3% increase. Smaller but steady growth has also been observed in markets such as Cyprus and Slovakia.