Spain Leads Europe in EURC Retail Transactions

Spain has emerged as Europe's leading market for retail transactions using Circle's euro-pegged stablecoin EURC, according to data from the crypto banking platform Brighty covering 2025 through the first quarter of 2026.

The platform's figures show Spain accounting for 36 percent of all EURC transactions and 25 percent of total volume during that period. With an average transaction size of about 49 euros, the activity points to widespread use in everyday payments, peer-to-peer transfers, and small-value spending, rather than large transfers. Spanish users also engaged actively with stablecoin-based yield features, according to Brighty.

In comparison, Italy represented 15.5 percent of transactions and 18 percent of volume, while Germany accounted for 13 percent of transactions and 19 percent of volume, with average payments around 105 euros. France showed a higher average transaction size of about 171 euros, indicating more focus on larger-value uses.

"For Spanish users, EURC functions essentially as a standard euro on a card with no exchange rate friction when transacting against USDC," Brighty co-founder Nick Denisenko said. He attributed Spain's lead to early adoption and...