Euro Stablecoin Transactions Surge 12-Fold in 15 Months

Euro stablecoin transactions processed by retail virtual asset service providers have surged 12-fold over the past 15 months, reaching $777 million, according to ChainCatcher. This growth is highlighted in Fireblocks' '2025 Stablecoin Status Report.' Following the implementation of the EU's Markets in Crypto-Assets (MiCA) framework, European banks and fintech companies are accelerating the production and deployment of compliant stablecoins. Banking Circle and SG-Forge are leading this initiative with the launch of euro-backed digital assets EURI and EURCV, respectively, both of which are expanding their production operations. This increase signifies a broader shift in Europe's digital asset infrastructure, with banks moving from pilot projects to developing production systems for tokenized assets and stablecoin payment rails. Fireblocks' research indicates that European banks now view stablecoin and tokenized asset infrastructure as a crucial part of their 2026 roadmap. The MiCA compliance has reduced regulatory uncertainty, thereby accelerating the deployment process.