Circle: The euro stablecoin EURC has surpassed 400 million euros in circulation and has become an important component of Europe's on-chain payment infrastructure
Comparing news, Circle officially announced that its euro stablecoin EURC circulation has surpassed 400 million euros and has become an important growth point for the Eurozone on-chain financial ecosystem. Circle said that EURC supply has increased by more than 100% over the past year, and EURC is moving from the experimental phase to the actual application phase as demand for compliant stablecoins increases in trading platforms, payment networks, and institutional businesses.
EURC first launched on Ethereum in June 2022, then expanded to multiple blockchains such as Avalanche, Stellar, Solana, and Base. By the end of 2024, EURC had covered 5 chains, with a circulation volume of around 80 million euros, and continued to grow since then. Currently, EURC has been launched on many mainstream trading platforms such as Bitpanda, Bitstamp, Bybit, Coinbase, and Kraken, supporting EURC/EUR and EURC/USD trading pairs to further enhance the liquidity on the Euro chain.
Circle said EURC's application scenarios are expanding from transactions to the fields of payments, settlement and institutional money management. Currently, fiat deposit and withdrawal service providers such as Mercuryo, MoonPay, Ramp, and Transak have enabled users to directly use the Euro to access digital assets, and institutional hosting and settlement platforms such as Cobo, Copper, and Fireblocks have also integrated EURC. Additionally, Visa and Mastercard have both previously expanded support for EURC settlement capabilities, making them usable for cross-border payments, card payment settlements, and enterprise-level fund transfer scenarios.
With the full implementation of the European Union's Crypto Asset Market Regulation Act (MiCA), EURC operates according to the electronic currency token (EMT) standard, issued by Circle France's electronic money agency, and is regulated by the French Prudential Regulation and Disposal Authority (ACPR). EURC reserve assets are completely segregated from Circle's funds and confirmed by regular audits by an independent third party.
As of January 2026, the total global stablecoin supply was around $300 billion. Although dollar stablecoins still dominate, euro stablecoins have become the second largest category. The euro stablecoin market has grown from around €400 million in June 2025 to around €650 million in June 2026, with EURC maintaining its leading position. Circle said that despite EURC's growth, the euro stablecoin is still in its early stages compared to the Eurozone's M2 money supply of more than 16 trillion euros, and there is still plenty of room for future development in real-time settlement, cross-border payments, and corporate financial infrastructure.
