Overview
- Circle said Monday that its euro stablecoin EURC has crossed the €400 million circulation mark after roughly doubling over the past year.
- The broader euro stablecoin sector is worth about $673.9 million in mid‑August 2026 and added roughly $16.5–$17 million in market cap over a recent week.
- EU rules known as MiCA, fully applicable since the end of 2024, have forced exchanges to restrict non‑compliant tokens and concentrated liquidity with issuers that meet e‑money and reserve requirements.
- Circle argues MiCA’s market‑capitalization thresholds create a structural cap that could fragment liquidity and reduce usefulness for large payments, and it has publicly asked EU regulators to change those thresholds.
- EURC’s growth has been supported by multi‑chain issuance, monthly reserve attestations and integrations with exchanges and payment networks, but euro tokens remain a small niche compared with dollar‑pegged stablecoins and are mainly used for euro payments, settlement and corporate treasury work.