Euro Stablecoins Cross $1B as EURC Leads Growth and Adoption

Stablecoins continue to gain a stronger foothold across global crypto markets. This growth now appears not only in supply figures but also in transaction activity across blockchains. In Europe, momentum is building around euro-linked tokens, while USDC continues to expand across multiple networks. Recent data points to a shift toward transaction-driven expansion rather than passive issuance.

EURC Strengthens Lead in Euro Stablecoin Market as Adoption Accelerates

Euro-denominated stablecoins have passed a key milestone, with their combined market value surpassing $1 billion. That total has doubled since the start of the year. EURC drives most of this increase, growing steadily as other euro-based tokens remain comparatively small. As a result, EURC now accounts for most of the euro stablecoin supply.

User data also reflects rising adoption of euro-pegged digital currencies. Wallets holding EURC have surpassed 150,000, marking a sharp increase over recent months. Other euro stablecoins show limited movement, reinforcing EURC’s lead in both supply and usage.

USDC growth appears most clearly in active network environments. Supply on the XDC Network has surpassed $200 million, after remaining below $50 million for most of the year and then rising sharply in December. 

USDC Maintains Broad Network Reach as Activity Shifts On-Chain

Across chains, the stablecoin USDC is maintaining a broad user base. Base leads with roughly 6.4 million holders, followed by Polygon at 6.2 million and Solana at around 5.7 million. Arbitrum and Optimism also report user counts in the millions.

Several factors help explain USDC’s continued expansion across networks:

• Wide availability across major blockchains.
• Strong demand for on-chain liquidity.
• Active use in payments and DeFi applications.
• Simple cross-chain movement through CCTP.
• Consistent growth in wallet holders.

Cross-chain flows add further support to this pattern. Quarterly CCTP transfer volumes have risen steadily since 2023 and reached an all-time high in the fourth quarter of 2025, surpassing $30 billion. Activity across Ethereum, Solana, Base, Arbitrum, and Polygon suggests frequent fund movement rather than long-term inactivity.

European banks are also entering the digital asset space through fiat-pegged crypto projects. Nine major institutions plan to issue a MiCA-compliant euro stablecoin built directly on-chain, with an initial launch expected in the second half of 2026.