After the implementation of MiCA regulations, euro stablecoins experienced a significant recovery, doubling their market cap to $680 million. Key players like EURS surged 644%, contributing to a tenfold increase in trading volume, reflecting heightened interest across the EU.

According to TechFlow on December 6, citing 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 around $683 million. However, there is still a large gap compared to the over $30 billion market capitalization of USD stablecoins. Additionally, the "2025 Euro Stablecoin Trend Report" released by London-based payments company Decta points out that recent growth in euro stablecoins is mainly concentrated among a few leading tokens. For example, the market capitalization of EURS grew by 6.44%; Circle’s EURC and Société Générale’s EURCV also saw significant growth, with trading volumes increasing by 1,139% and 343%, respectively. Decta’s survey also shows that search activity for euro stablecoins has surged across the EU, with Finland increasing by 400%, Ita