Euro Stablecoin Market Doubles to $680M A Year After MiCA
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Euro Stablecoin Market Doubles to $680M A Year After MiCA
Growth is concentrated in major issuers like EURS, EURC and EURCV.
Euro Stablecoin Market Rebounds Under MiCA
The euro stablecoin sector has staged a sharp recovery in the year since the EU’s Markets in Crypto-Assets Regulation (MiCA) took effect, doubling in size as new rules for issuers came into force.
Key Highlights
- Market capitalization has doubled since MiCA’s rollout, now at ~$680 million .
- Growth is concentrated among major issuers EURS, EURC, and EURCV , with transaction volumes surging nearly ninefold.
- Public interest is rising across the EU, signaling broader adoption.
- According to Decta’s Euro Stablecoin Trends Report 2025 , the sector reversed last year’s 48% contraction , outpacing the global stablecoin market’s 26% growth rate .
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Market Expansion
Decta’s report notes that euro-denominated stablecoins climbed to ~$500 million by May 2025 , following MiCA’s June 2024 rollout. The rebound is attributed to clearer issuer obligations and standardized reserve requirements.
By late 2025, the market reached ~$680 million (CoinGecko), though it remains small compared with the $300 billion locked in US dollar-backed tokens dominated by USDT and USDC .
Leading Issuers
- Stasis’ EURS : strongest performer, soaring 644% to $283.9 million by October 2025.
- Circle’s EURC and Societe Generale’s EURCV : both posted significant gains, benefiting from MiCA’s clarity on custody, reserves, and disclosures.
---
On-Chain Activity
Transaction volumes grew in tandem with market cap. Monthly euro stablecoin volume jumped nearly ninefold to $3.83 billion post-MiCA.
- EURC : up 1,139% .
- EURCV : up 343% .
Adoption is being driven by cross-border payments, fiat on-ramps, and crypto trading pair
---
Rising Public Interest
Decta also recorded sharp increases in search activity across EU markets:
- Finland : +400%.
- Italy : more than tripled.
- Smaller economies also showed growth, suggesting rising consumer awareness as euro-denominated tokens carve out a clearer role in Europe’s digital asset landscape.
---
Poland: The Outlier
Poland remains the only EU member without MiCA-aligned rules. Efforts collapsed after lawmakers failed to overturn President Karol Nawrocki’s veto of a major digital-asset bill.
- The vote fell short of the required three-fifths majority, forcing a restart of the legislative process.
- Prime Minister Donald Tusk argued the bill was vital for national security, citing risks of money laundering and foreign interference, including financing linked to Russia and Belarus.
- Authorities tied these concerns to recent security incidents, including alleged sabotage plots funded via crypto.
The veto has deepened political tensions between Nawrocki and Tusk’s pro-EU coalition. Nawrocki rejected the bill, claiming it exceeded EU requirements and threatened civil liberties and property rights.
Whatever is being said in this subforum is not financial advice. Always do your own research before investing in cryptocurrency.
Cryptocurrency investments carry risk. Prices can fluctuate rapidly, and past performance is not indicative of future results.
Euro Stablecoin Market Rebounds Under MiCA
The euro stablecoin sector has staged a sharp recovery in the year since the EU’s Markets in Crypto-Assets Regulation (MiCA) took effect, doubling in size as new rules for issuers came into force.
Key Highlights
- Market capitalization has doubled since MiCA’s rollout, now at ~$680 million .
- Growth is concentrated among major issuers EURS, EURC, and EURCV , with transaction volumes surging nearly ninefold.
- Public interest is rising across the EU, signaling broader adoption.
- According to Decta’s Euro Stablecoin Trends Report 2025 , the sector reversed last year’s 48% contraction , outpacing the global stablecoin market’s 26% growth rate .
---
Market Expansion
Decta’s report notes that euro-denominated stablecoins climbed to ~$500 million by May 2025 , following MiCA’s June 2024 rollout. The rebound is attributed to clearer issuer obligations and standardized reserve requirements.
By late 2025, the market reached ~$680 million (CoinGecko), though it remains small compared with the $300 billion locked in US dollar-backed tokens dominated by USDT and USDC .
Leading Issuers
- Stasis’ EURS : strongest performer, soaring 644% to $283.9 million by October 2025.
- Circle’s EURC and Societe Generale’s EURCV : both posted significant gains, benefiting from MiCA’s clarity on custody, reserves, and disclosures.
---
On-Chain Activity
Transaction volumes grew in tandem with market cap. Monthly euro stablecoin volume jumped nearly ninefold to $3.83 billion post-MiCA.
- EURC : up 1,139% .
- EURCV : up 343% .
Adoption is being driven by cross-border payments, fiat on-ramps, and crypto trading pair
---
Rising Public Interest
Decta also recorded sharp increases in search activity across EU markets:
- Finland : +400%.
- Italy : more than tripled.
- Smaller economies also showed growth, suggesting rising consumer awareness as euro-denominated tokens carve out a clearer role in Europe’s digital asset landscape.
---
Poland: The Outlier
Poland remains the only EU member without MiCA-aligned rules. Efforts collapsed after lawmakers failed to overturn President Karol Nawrocki’s veto of a major digital-asset bill.
- The vote fell short of the required three-fifths majority, forcing a restart of the legislative process.
- Prime Minister Donald Tusk argued the bill was vital for national security, citing risks of money laundering and foreign interference, including financing linked to Russia and Belarus.
- Authorities tied these concerns to recent security incidents, including alleged sabotage plots funded via crypto.
The veto has deepened political tensions between Nawrocki and Tusk’s pro-EU coalition. Nawrocki rejected the bill, claiming it exceeded EU requirements and threatened civil liberties and property rights.
Whatever is being said in this subforum is not financial advice. Always do your own research before investing in cryptocurrency.
Cryptocurrency investments carry risk. Prices can fluctuate rapidly, and past performance is not indicative of future results.
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