Here’s how Euro stablecoins hit $1B despite weak hype

ambcryptoPublished on 2025-12-20Last updated on 2025-12-20

Abstract

Euro-denominated stablecoins have surpassed $1 billion in market value, doubling this year, with Circle’s EURC driving most of the growth and now holding a dominant market share. EURC holders have also surged past 150,000. Meanwhile, USD Coin (USDC) continues expanding across multiple blockchains, with supply on XDC Network exceeding $200 million and holder counts rising significantly on Base, Polygon, and Solana. Cross-chain transfer volumes via CCTP reached a record high of over $30 billion in Q4 2025, indicating that growth is increasingly driven by transaction activity rather than asset accumulation.

Stablecoins are growing relentlessly.

In Europe, euro-denominated stablecoins have crossed $1 billion in market value. At the same time, USD Coin [USD] is spreading across more blockchains, with Circle’s cross-chain transfers hitting record highs.

Here’s the rundown.

Euro stablecoins make moves!

Euro-denominated stablecoins have crossed an important threshold. Combined market value has moved past $1 billion, doubling so far this year. Most of that growth has come from Circle’s EURC, which has steadily expanded while other euro tokens remain relatively small.

EURC now accounts for a large share of the total euro stablecoin supply.

That growth is also showing up on the user side. EURC holders have surged, climbing past 150,000, while rival euro stablecoins remain largely flat.

USDC growth shows up where it’s used

USDC supply on the XDC Network has now crossed $200 million. This is after it stayed below $50 million for most of the past few months before a big December jump.

Holder data looks similarly good too. Native USDC on Base leads with around 6.4 million holders, followed closely by Polygon at 6.2 million and Solana at 5.7 million. Other networks like Arbitrum and Optimism also show millions of users.

USDC’s expansion is powered by where activity actually happens, not just where supply is issued.

From supply to flows

Beyond growing supply and user counts, activity is showing up in cross-chain movement. Quarterly CCTP transfer volumes have climbed since 2023 and are now at an ATH in Q4 2025, with total volumes pushing past $30 billion.

Usage spans major networks including Ethereum, Solana, Base, Arbitrum, and Polygon.

This means they’re moving away from purely AUM-linked growth. As CCTP volumes rise, Circle’s expansion is starting to look more transaction-driven.

Final Thoughts

  • Euro stablecoins surpass $1B as Circle’s EURC dominates growth.
  • USDC cross-chain activity hits record highs.

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Related Questions

QWhat milestone did euro-denominated stablecoins recently achieve in terms of market value?

AEuro-denominated stablecoins have crossed $1 billion in combined market value, doubling so far this year.

QWhich euro stablecoin has been the primary driver of this growth according to the article?

ACircle's EURC has been the primary driver of growth, accounting for a large share of the total euro stablecoin supply.

QHow many holders does EURC currently have, as mentioned in the article?

AEURC holders have surged past 150,000.

QWhat record high was achieved by USDC's cross-chain transfer volumes in Q4 2025?

AQuarterly CCTP transfer volumes for USDC reached an all-time high in Q4 2025, with total volumes pushing past $30 billion.

QOn which blockchain networks does USDC have the highest number of native holders, as listed in the article?

ANative USDC on Base leads with around 6.4 million holders, followed closely by Polygon at 6.2 million and Solana at 5.7 million.

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