Crypto Journalist
Amin Ayan
Share
The euro stablecoin market has staged a sharp rebound in the year since the EU’s Markets in Crypto-Assets Regulation (MiCA) took effect, doubling in size as new rules for issuers came online.
Key Takeaways:
- The euro stablecoin market has doubled since MiCA’s rollout, reaching roughly $680 million in market cap.
- Growth is concentrated in major issuers like EURS, EURC and EURCV, with transaction volumes surging nearly ninefold.
- Public interest is rising across the EU, signaling growing adoption.
According to Decta’s Euro Stablecoin Trends Report 2025, the sector’s market capitalization has surged from last year’s slump, reversing a 48% contraction and outpacing the broader stablecoin market’s 26% growth rate.
Euro Stablecoins Hit $680M After MiCA
Decta’s report says euro-denominated stablecoins climbed to roughly $500 million by May 2025 following MiCA’s June 2024 rollout, a shift credited to clearer issuer obligations and standardized reserve rules.
Today, the market sits at around $680 million, per CoinGecko. However, the market is still tiny compared with the nearly $300 billion locked in US dollar-backed tokens, a space dominated by USDT and USDC.
Much of the growth came from a handful of standout issuers. Stasis’ EURS posted the strongest expansion, soaring 644% to $283.9 million as of October 2025.
Circle’s EURC and Societe Generale’s EURCV also saw meaningful increases as regulated issuers began to capitalize on MiCA’s clarity around custody, reserves and public disclosures.
Activity on-chain grew alongside market cap. Monthly transaction volume for euro stablecoins jumped nearly ninefold to $3.83 billion after MiCA implementation, the report found.
EURC and EURCV led the surge, with volumes climbing 1,139% and 343%, supported by greater use in cross-border payments, fiat on-ramps and crypto trading pairs, areas previously dominated by dollar stablecoins.
The regulatory shift also appears to be stimulating public interest. Decta recorded sharp spikes in search activity across EU markets, including a 400% jump in Finland and more than tripling in Italy.
Interest rose across smaller economies as well, suggesting broader consumer awareness as euro-denominated tokens begin carving out a clearer role in Europe’s digital-asset landscape.
Poland Remains Last EU State Without MiCA Rules
As reported, Poland’s push to bring its crypto sector in line with the EU’s MiCA framework collapsed after lawmakers failed to overturn President Karol Nawrocki’s veto of a major digital-asset bill.
The vote fell short of the required three-fifths majority, leaving Poland as the only EU member without a national MiCA-style regulatory regime and forcing the government to restart the legislative process.
Prime Minister Donald Tusk had argued that the bill was necessary for national security, warning that unregulated crypto activity had become a channel for money laundering and foreign interference, including covert financing linked to Russia and Belarus.
Authorities have connected these concerns to several recent security incidents, including alleged sabotage plots in Poland reportedly funded through cryptocurrencies.
The veto has intensified political tensions between Nawrocki and Tusk’s pro-EU coalition.
The president rejected the bill on grounds that it overreached EU requirements and posed risks to civil liberties and property rights.
Credit: Source link