The market value of the euro stablecoin reached a historic high of 774.2 million USD, with 66% issued on Ethereum

According to Token Terminal data, as of May 13, the total market capitalization of euro stablecoins on-chain reached a historic high of $774.2 million. Ethereum dominates the euro stablecoin ecosystem, accounting for 66.2% of all tokenized euro stablecoins.

The growth in the adoption of euro stablecoins reflects the increasing demand in the EU market for blockchain-based fiat currency alternatives, with multiple issuers and public chains competing for market share.