Euro stablecoins dominate non-dollar market, Visa-backed report finds

Euro stablecoins now make up more than 80% of non-dollar supply, with EURC leading volumes as MiCA and payment-rail integrations support adoption.

Euro-denominated stablecoins make up more than 80% of the non-US dollar stablecoin market, which Dune says has grown to about $1.2 billion in total supply, according to a report commissioned by Visa.

Dune said euro stablecoins accounted for 85% of transfer volume in the non-US dollar stablecoin market, with Circle’s EURC (EURC) emerging as the dominant euro token in the segment.

The report pointed to growing euro stablecoin use across payment infrastructure, while Visa and Mastercard have separately expanded settlement support for EURC in parts of their networks.

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