EURC euro stablecoin crosses €400M in circulation

Circles euro-denominated stablecoin, EURC, has crossed the 400 million euro mark in circulation, a milestone that signals growing institutional adoption for a digital asset pegged to a currency other than the U.S. dollar. The supply reached approximately 402.4 million euros as of August 13, 2026, having more than doubled over the previous twelve months.

This growth trajectory underscores a strategic shift in the stablecoin market, traditionally dominated by dollar-pegged assets. EURC's rise is closely tied to the implementation of the European Union's Markets in CryptoAssets Regulation, known as MiCA. The framework, which became fully applicable in late 2024, established clear rules for reserve management, disclosures, and governance. Circle designed EURC to comply as an e-money token, issuing it through its licensed electronic money institution in France and backing it with segregated reserves. This regulatory clarity provided a stable foundation for banks, payment companies, and other regulated entities to adopt the token.

The stablecoin launched in June 2022 and initially operated only on Ethereum. Circle gradually expanded its native issuance to additional blockchains,...