EURC, the euro-denominated stablecoin, has accelerated its growth, reaching a supply of over €287 million, as reported by Artemis data. This milestone confirms EURC's role as the leading non-USD stablecoin, with sustained market inflows driving its expansion.
Euro stablecoins now represent nearly the entire non-USD segment, while tokens backed by currencies like the Indonesian rupiah, Singapore dollar, Turkish lira, yen, and Brazilian real continue to contract. This shift underscores the euro's emergence as the preferred alternative for on-chain liquidity outside the dollar, fueled by rising demand from European users and platforms.
Institutional adoption and cross-border payment integrations are key factors, with payment companies and developers steadily incorporating euro liquidity into remittance solutions, merchant operations, and regulated fintech frameworks. Visa's initiative in partnership with Aquanow, which uses USDC for faster settlement in regions like Central and Eastern Europe, the Middle East, and Africa, highlights the potential for broader euro stablecoin integration as financial institutions explore digital euro settlement pathways.
Analysts note that automated settlement windows and modernized workflows are making stablecoins essential in payment infrastructure upgrades, supported by regulatory refinements and controlled experimentation. EURC's momentum aligns with strategies of European crypto service providers enhancing euro liquidity for trading desks, treasury flows, and cross-border operations, reinforcing its position in a diversifying global stablecoin environment.
