Euro Stablecoins Top $1B as EURC Growth and USDC Cross‑Chain Transfers Surge

Published: 2025-12-20 23:33:34 |

Euro‑denominated stablecoins surpassed $1 billion in combined market value in 2025, led by Circle’s EURC which roughly doubled supply year‑to‑date and now counts over 150,000 holders. Regulatory clarity in the EU, plus rising use in payments and DeFi, supported EURC’s market‑share consolidation among euro stablecoins. At the same time, USD Coin (USDC) is expanding across multiple blockchains and recording record cross‑chain transfer volumes. Circle’s Cross‑Chain Transfer Protocol (CCTP) pushed quarterly flows past $30 billion in Q4 2025, with activity spanning Ethereum, Solana, Base, Arbitrum, Polygon and XDC. Native USDC holder counts are highest on Base (~6.4M), Polygon (~6.2M) and Solana (~5.7M), and USDC supply on XDC recently topped $200M after rapid growth. Together these trends point to stronger regional adoption for euro stablecoins and greater USDC interoperability and liquidity — developments that could increase payment and DeFi utility and affect stablecoin on‑chain activity and settlement flows.

Bullish

The news is bullish for the tokens discussed, primarily USDC and EURC. EURC’s rapid supply growth, holder expansion and regulatory tailwinds signal stronger demand and regional adoption for euro‑pegged stablecoins, which supports EURC’s market position. For USDC, surging CCTP volumes and expanding native supply and holders across Base, Polygon, Solana and XDC indicate rising on‑chain utility, cross‑chain liquidity and settlement activity. Short‑term, increased transfer volumes and network adoption can drive higher on‑chain demand for USDC and related liquidity, supporting price stability or modest appreciation for any tokenized reserves or protocol incentives tied to these networks. Longer term, greater interoperability and deeper liquidity reduce friction for payments and DeFi, likely increasing transactional velocity and utility of USDC and reinforcing EURC’s role in euro‑denominated flows. Risks remain — regulatory changes, reserve transparency issues or a loss of confidence could reverse sentiment — but current indicators point to positive demand dynamics for both EURC (euro stablecoin market share) and USDC (cross‑chain usage).