EURC leads euro stablecoin market with $526M cap and 63% share

The euro stablecoin market has a clear winner, and it’s not particularly close. Circle’s EURC has reached a market capitalization of roughly $526 million, commanding approximately 63% of the entire euro stablecoin sector. The broader euro stablecoin market has grown to approximately €650 million by mid-2026, making EURC’s lead even more striking in context. Competitors like EURCV and EURI trail by wide margins. How EURC got here Circle first introduced EURC on Ethereum back in June 2022, extending its reserve-backed stablecoin model beyond the US dollar. EURC’s circulation recently surpassed €400 million, reflecting growth of over 100% in the past twelve months alone. Some measurements peg the increase at up to 5x since the beginning of what observers call the “MiCA era,” the period since the EU’s Markets in Crypto-Assets regulation began applying in 2024. The token now runs natively across multiple blockchain networks, including Ethereum, Base, Solana, Avalanche, and Stellar. That multi-chain presence opens the door to a range of use cases spanning trading, payments, decentralized finance, and foreign exchange. On the DeFi side, institutional deposits of EURC sit at roughly $76 mi...