BlockBeats News, August 18th, Circle officially announced that the circulating supply of its Euro stablecoin EURC has surpassed €400 million, becoming a significant growth node in the Eurozone's on-chain financial ecosystem. Circle stated that in the past year, the EURC supply has grown by over 100%. With the increasing demand for compliant stablecoins from trading platforms, payment networks, and institutional businesses, EURC is transitioning from the trial phase to practical application.

EURC was first launched on Ethereum in June 2022 and has since expanded to multiple blockchains such as Avalanche, Stellar, Solana, and Base. By the end of 2024, EURC had extended to 5 chains with a circulating supply of around €80 million, which has continued to grow. Currently, EURC has been listed on various major trading platforms like Bitpanda, Bitstamp, Bybit, Coinbase, Kraken, supporting EURC/EUR and EURC/USD trading pairs, further enhancing Euro liquidity on-chain.

Circle mentioned that the use cases for EURC are expanding from trading to payment, settlement, and institutional fund management fields. Presently, fiat on/off-ramp services like Mercuryo, MoonPay, Ramp, Transak have supported users to directly access digital assets using Euros. Institutional custody and settlement platforms like Cobo, Copper, Fireblocks have also integrated EURC. Additionally, Visa and Mastercard have expanded their support for EURC settlement capabilities, enabling its use in cross-border payments, card payment settlements, and enterprise fund transfers.

With the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), EURC operates under the Electronic Money Token (EMT) standard, issued by Circle's French Electronic Money Institution and regulated by the French Prudential Supervision and Resolution Authority (ACPR). The reserve assets of EURC are completely segregated from Circle's corporate funds and are regularly audited and confirmed by independent third parties.

As of January 2026, the total global stablecoin supply is approximately $3 trillion, with USD stablecoins still dominating, but Euro stablecoins have become the second-largest category. The Euro stablecoin market has grown from around €400 million in June 2025 to approximately €650 million in June 2026, with EURC maintaining its leading position. Circle mentioned that despite EURC's growth, compared to the Eurozone's M2 monetary supply of over €16 trillion, Euro stablecoins are still in the early stages, with significant room for development in real-time settlement, cross-border payments, and enterprise financial infrastructure in the future.