The market capitalization of euro stablecoins doubled within a year of MiCA taking effect.

According to data from Coingecko, as reported by Odaily Planet Daily, the market capitalization of euro-denominated stablecoins has doubled in the year since the EU's Crypto Asset Market Regulation (MiCA) came into effect, currently reaching approximately $683 million. However, this is still a significant gap compared to the over $300 billion market capitalization of dollar-denominated stablecoins.

According to Decta's "2025 Euro Stablecoin Trends Report," recent growth in euro stablecoins has been concentrated on a few leading tokens. For example, EURS saw a 6.44% increase in market capitalization. Additionally, Circle's EURC and Société Générale's EURCV also experienced significant growth, with trading volumes increasing by 1139% and 343% respectively. Decta's survey also revealed a substantial increase in searches for euro stablecoins across the EU, with Finland seeing a 400% increase and Italy a 313.3% increase. Smaller but steady growth was also observed in markets such as Cyprus and Slovakia. (CoinDesk)