Algorand sees $841K increase in euro stablecoin market cap

Algorand added $840,800 in euro stablecoin market cap over the week ending August 22, making it the third-largest blockchain for euro-pegged stablecoin growth during that stretch. The increase comes as euro stablecoins collectively grew by roughly $17 million over the same period, pushing the sector’s total market cap to nearly $674 million by mid-2026. That’s a 128% year-over-year jump for euro-denominated tokens. What’s actually living on Algorand Algorand’s largest euro token is Quantoz EURQ, sitting at approximately $768,000 in market cap. Stasis Euro (EURS) trails at around $78,000, and Monerium EURE rounds out the pack at roughly $6,000. Nearly all of the $840,800 weekly increase flowed into EURQ, which now dominates Algorand’s euro stablecoin landscape. Algorand’s total stablecoin market cap sits at about $34.4 million, with USDC doing most of the heavy lifting. The broader stablecoin market hovers around $308 billion, making Algorand’s entire stablecoin footprint roughly 0.01% of that. The MiCA effect The uptick appears to be a downstream consequence of the EU’s Markets in Crypto-Assets (MiCA) regulatory framework, which has been reshaping how stablecoins operate across Eur...