Euro Stablecoin Market Doubles Post MiCA: Surge in EURS, EURC and Volume Jump

The euro stablecoin market has entered a new stage of growth after the introduction of the MiCA framework, a regulatory structure that has reshaped how Europe approaches digital assets. 

Since the rules came into force, investors and payment providers have gained greater confidence in regulated products, and this shift is now clearly reflected in market data from 2024 to 2025. 

A new report shows that euro stablecoins are expanding at their fastest pace yet, supported by stronger compliance, better redemption protection and wider availability across Europe. 

In particular, EURS and EURC have seen remarkable gains, contributing to a broader rise in capitalization, adoption and transaction activity. This trend marks a significant moment for the regulated euro stablecoins guide as the sector becomes an increasingly important part of Europe’s digital economy.

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Market Capitalization After MiCA: A Return to Growth

The market cap of euro stablecoins recovered sharply after MiCA, reversing earlier declines and reaching new levels. The total market cap climbed to $500.00M in May 2025, supported by continued interest from both institutional and retail users. 

EURS posted the strongest performance with a 643.86% rise, increasing from $38.20M to $283.90M by October 2025.

In the twelve months before MiCA, euro stablecoins saw a 48% decline in capitalization. In the twelve months after MiCA, the market instead expanded by 102%, signalling renewed trust in regulated issuers. 

Clear rules on reserves, licensing and redemption rights encouraged investors to return, and this shift is widely considered one of the most important outcomes of the regulatory change.

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Transactions Surge Across Europe

While market cap doubled, transaction activity grew at an even faster pace. Monthly transaction volume rose from $383.00M to $3.832B, an increase of 899.3%. This dramatic rise reflects expanding use of regulated tokens for payments, trading and institutional transfers.

EURC recorded the most rapid growth with a 1139.42% volume increase. EURCV followed with 343.26%, supported by institutional adoption and tokenization projects. 

By late 2025, euro stablecoins reached their highest usage levels to date, showing a clear shift from speculation to real activity within Europe’s digital finance landscape.

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Winners and Losers in the Post MiCA Market

MiCA-aligned stablecoins recorded the strongest gains. Products such as EURØP, EURR and EUROe expanded their presence as fully compliant options for consumers and institutions. 

EURC grew across several blockchains, strengthening its role in everyday transactions. EURCV also gained traction as more financial institutions explored tokenized assets.

However, not all tokens benefited. EURT remained in circulation but lacked MiCA authorization, which limited its availability within the EU. 

Algorithmic or synthetic assets, including sEUR, PAR and EURA, also saw reduced visibility as stricter rules made non fiat backed models less attractive. Regulation has clearly defined the winners, with compliant issuers taking a larger share of the market.

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Consumer Interest and Payment Behaviour

A survey of 1,160 respondents across the EU revealed that consumer payment habits are changing, although euro stablecoins remain in the early stages of adoption.

Bitcoin remained the most used asset for online payments with 55.17% of respondents choosing it for their most recent transaction. USD stablecoins followed with 21.21%, while euro stablecoins accounted for only 3.62%. 

Despite this, interest in crypto payments remains strong. About 56.7% of respondents said they were very likely to use crypto again within the next twelve months.

The survey also found that 78.3% used crypto for services, while 21.7% used it for products. These figures show that while euro stablecoins have not yet become a common payment choice, MiCA is laying the groundwork for broader use in the future.

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Search Interest Across Europe

Search interest in euro stablecoins rose sharply across Europe in the months after MiCA. The average increase reached 198.3%, with several countries showing particularly strong gains.

Finland grew by 400%, Italy by 313.3% and Romania by 300%. Sweden, Germany and the Netherlands recorded increases between 280% and 300%.

Countries with more modest growth included Spain at 85.7% and Bulgaria and Slovenia at 100%. Latvia was the only EU country with a decline at –33.3%. These differences highlight varying levels of readiness and awareness among European consumers.

Search demand for specific stablecoins such as EURC, cEUR and EURT also rose in many markets. Cyprus grew by 133.3% and Slovakia by 100%. Austria, Czechia and Sweden recorded increases between 80% and 87.5%, followed by the Netherlands at 64.3% and Italy at 58.3%. 

Declines were recorded in Slovenia, Belgium and Hungary at –14% to –18% and Malta at –50%. The data suggests that interest in regulated euro stablecoins is broad yet uneven across Europe.

What to Expect in 2026?

Euro stablecoin growth is expected to continue in 2026, supported by three major factors. Issuer expansion will play an important role. MiCA licensed issuers are preparing to scale banking connections and cross border access, which should increase availability throughout the EU. 

Institutional interest is also expected to rise as tokenized securities and settlement platforms become more common. These developments will rely heavily on compliant euro stablecoins such as EURS and EURC.

Consumer adoption is likely to grow, but at different speeds across markets. Search patterns show that awareness has improved, but full adoption will require time, education and more integrated payment options. 

At the same time, exchanges and payment services are gradually removing non compliant euro tokens, which will shift users toward regulated alternatives.

By the end of 2026, analysts expect a more consolidated market where regulated euro stablecoins become a key part of Europe’s digital financial infrastructure.

FAQ

Is there an EUR stablecoin?

Yes, there are several EUR stablecoins. One leading option is EURC (Circle), which is a fully backed stablecoin designed to be redeemable 1:1 for the Euro and is compliant with the new MiCA regulation.

What is the best European stablecoin?

The best Euro stablecoin in 2025 is considered to be EURA (Angle Protocol). It is fully collateralized, transparent, designed for on-chain utility, and is MiCA-ready. Other top choices include EURC (Circle) and EURI (Monerium).

How safe is euro stablecoin?

Euro stablecoins, such as EUROD, are designed to offer high stability and security. Tokens like EUROD are often issued by a European bank and comply with the MiCA regulation, meaning they meet the highest regulatory compliance requirements in Europe.

Who issues euro stablecoin?

Euro stablecoins are issued by various regulated financial institutions. For instance, the EURI stablecoin is issued by Banking Circle S.A., a Luxembourg credit institution that is supervised by the CSSF and is fully MiCA-compliant.

What is the expected growth of EURO stablecoin in 2026? 

Euro stablecoins are expected to grow steadily in 2026. Growth will be driven by MiCA-licensed issuers expanding access across the EU, rising institutional demand from tokenized assets and settlement platforms, and gradually increasing consumer adoption.