Euro Stablecoin Supply Hits $848.1M After Adding $156M This Year
TL;DR
- The supply of euro-denominated stablecoins reached $848.1M, adding around $156M since January, a 22.6% increase.
- EURC and EURCV account for 82% of the market; SG-Forge —Société Générale’s subsidiary— controls 19.6% of the total.
- Ethereum absorbed $125M of the annual growth and Solana another $30M, capturing virtually all of the expansion recorded in the period.
The supply of stablecoins denominated in euros reached $848.1 million, according to data from Token Terminal. Since January 1, when the figure stood at $691.7 million, the market accumulated growth of 22.6%, equivalent to roughly $156 million in absolute terms.
Meanwhile, dollar-based stablecoins added approximately $159 million over the same period, moving from $298.54 billion to $298.699 billion. The striking point is that two markets separated by a factor of 350 in size generated nearly the same net new supply in eight months.
The dollar continues to completely dominate the sector with 99.5% of the market, while euro stablecoins represent just 0.3% of the remainder.
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