Euro stablecoins double in market cap post-MiCA implementation, led by EURS and EURC: Report
Crypto Briefing
Euro stablecoins doubled their market cap after MiCA implementation, driven by growth in EURS and EURC.Summary
The combined market capitalization of euro-denominated stablecoins has doubled since the implementation of the EU's Markets in Crypto-Assets (MiCA) regulation in 2024, according to a report by Decta. This growth marks a significant turnaround for the sector. EURC, issued by Circle, and EURS are leading this expansion, showing increased adoption and transaction activity as issuers adjust to the new framework. MiCA introduced uniform oversight and strengthened consumer protections for euro stablecoins, reducing market uncertainty and fostering a structured transition phase.
(Source：Crypto Briefing)