Stablecoin market capitalization in euros doubled in the year following MiCA

The euro stablecoin market has rebounded strongly in the first year after MiCA came into effect, with its market capitalization doubling since June 2024, according to Decta’s “Euro Stablecoin Trends Report 2025.” Market cap reached around $500 million in May 2025 and is now up to $680 million, though it remains very small compared to the $300 billion USD-pegged stablecoin market.

Stasis’s EURS led the growth, surging 644% to $283.9 million, while Circle’s EURC and SG-Forge’s EURCV also saw strong increases. Monthly trading volume rose nearly ninefold after MiCA, reaching $3.83 billion, with EURC and EURCV benefiting the most thanks to increased demand in payments, fiat on-ramps, and digital asset trading.

European user awareness has also risen significantly, with euro stablecoin-related search volumes up 400% in Finland and over 300% in Italy.