The market value of euro stablecoins doubled after the MiCA came into effect, but there is still a huge gap compared to dollar stablecoins

According to Coingecko data, the market capitalization of euro stablecoins has doubled in the year since the EU's Markets in Crypto-Assets Regulation (MiCA) came into effect, currently reaching about $683 million, but there is still a significant gap compared to the over $300 billion market capitalization of US dollar stablecoins.

Additionally, a report titled "2025 Euro Stablecoin Trends" released by London-based payment company Decta points out that recent growth in euro stablecoins is mainly concentrated among a few leading tokens, such as EURS, which saw a market cap increase of 6.44%. Furthermore, Circle's EURC and Société Générale's EURCV also achieved significant growth, with trading volumes increasing by 1139% and 343%, respectively.

Decta's survey also revealed a substantial increase in search activity for euro stablecoins across the EU, with Finland seeing a 400% increase, Italy 313.3%, and markets like Cyprus and Slovakia also experiencing smaller but steady growth.