EURC Surpasses €400M in Circulation as Euro Stablecoins Gain Traction

Circle's Euro Stablecoin EURC Surpasses €400 Million in Circulation

The euro-backed stablecoin EURC has reached a milestone, surpassing €400 million in circulation. The supply of EURC more than doubled over the past year, according to Circle. The company attributes this growth to wider distribution across major blockchains, exchanges, payment networks, and institutional platforms.

EURC was launched on Ethereum in June 2022 and later added native issuance on Avalanche, Stellar, Solana, and Base starting in 2023. By the end of 2024, EURC was live on five blockchains with around €80 million in circulation. The supply then more than doubled in the first half of 2025 and kept climbing.

Circle issues EURC as an electronic money token under the EU's Markets in Crypto Assets Regulation (MiCA). Its licensed entity, Circle Mint France, handles issuance. The company has asked EU policymakers to ease rules that could limit settlement using smaller euro stablecoins.