Euro-Pegged Stablecoin Market Cap Rose 128% Over the Past Year
The combined market capitalization of eight euro-denominated stablecoins that comply with the Markets in Crypto-Assets (MiCA) regulation increased from $295.6 million to $673.9 million over the past year.
The Euro Stablecoin Trends Report 2026 stated that eight euro stablecoins that fully comply with MiCA requirements were available in the EU market. Their combined market capitalization rose 128% over the past 12 months.
The total market capitalization of these tokens increased by $378.3 million during the year, reaching $673.9 million. It peaked at $704.9 million during the week ending June 8. Average daily trading volume across regulated euro stablecoins rose to $67.3 million. During the year, the figure exceeded $202 million.
The number of MiCA-regulated euro stablecoins increased from five to eight over the past year. They include:
- EURC by Circle. The largest euro stablecoin reached a market capitalization of $430.4 million after growing 110% year over year. Its average weekly trading volume stood at $34 million.
- EURCV, issued by Société Générale. Its market capitalization increased from $49.1 million to $137.8 million, a gain of more than 180%. Average weekly trading volume reached $17.5 million.
- EURI by Banking Circle. The stablecoin reached a market capitalization of $51.1 million less than five months after entering the market.
- EURE by Monerium. Its market capitalization increased about 21% year over year to $29.9 million.
- EUROP by Schuman Financial. The MiCA-compliant euro stablecoin launched in July and reached a market capitalization of $7.8 million.
- EURQ by Quantoz Payments. One of the market leaders by trading activity, with an average weekly trading volume of $12.9 million.
- EURR by StablR. The stablecoin’s market capitalization stood at about $9 million.
- EURAU, issued by AllUnity. It reached a market capitalization of just over $1.19 million and became available to Deutsche Börse Group clients.
Although EURC remained the market leader, its share of total market capitalization and trading volume declined during the year. The trend suggested liquidity became more evenly distributed across regulated assets as new licensed issuers entered the market.
The report’s authors said the regulated euro stablecoin market became more diversified. Growth was driven not only by the largest issuers, but also by newly licensed projects, increasing their importance for regulated payments, settlement, and payment acquiring across Europe after MiCA fully took effect.
The report covered the period from June 30 to June 28 and analyzed only euro stablecoins that were licensed under MiCA, continued issuing tokens, and maintained active market capitalization and trading activity. Under the EU regulatory framework, these assets are classified as Electronic Money Tokens (EMTs). Their issuers must hold an Electronic Money Institution (EMI) license, fully back tokens with fiat reserves on a 1:1 basis, and be listed in the official register maintained by the European Securities and Markets Authority (ESMA).
According to the report, six tokens included in last year’s study dropped out of this year’s sample. They include:
- Euro Tether (EURT), which discontinued issuance;
- Stasis Euro (EURS), which didn’t receive MiCA authorization;
- EURA, cEUR, sEUR, and PAR, decentralized or algorithmic projects that don’t meet MiCA requirements for Electronic Money Token issuers.
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, while the total stablecoin market capitalization exceeded $300 billion. However, euro-denominated stablecoins still account for only about 1% of the global stablecoin market. Read more about the stablecoin market in the first half of 2026 in CP Media’s dedicated analytical report.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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