Euro-Stablecoin Market Cap Doubles in Year Following MiCA Regulations
MiCA regulations came into force in June 2024, leading to a significant rebound in the euro-stablecoin market. Over the 12 months following the introduction of MiCA, the euro-stablecoin market capitalization more than doubled, reaching about $500 million by May 2025 and climbing to approximately $680 million by October 2025, according to CoinGecko.
This growth contrasts with the prior year, which saw a 48% contraction in euro-stablecoin market cap leading up to June 2024. Among the prominent contributors to the gains were EUR S (Stasis, Malta), which surged 644% to $283.9 million by October 2025. Additionally, EURC and EURCV (SG-Forge) showed strong performance, with volumes expanding 1,139% and 343% respectively. Monthly euro-stablecoin transaction volumes rose to $3.83 billion after the enactment of MiCA.
The broader total stablecoin market capitalization also increased by 26% during this period. The market rebound has been attributed to improved issuer obligations and the implementation of standardized reserve requirements under the new regulatory framework. Furthermore, interest in euro-stablecoins saw a notable rise across the European Union, with search interest surging by approximately 400% in Finland and 313% in Italy.
