Euro Stablecoins Grow Ahead of MiCA Deadline as Dollar-Pegged Tokens Keep Lead

The market capitalization of eight MiCA-compliant euro stablecoins rose 128% to $673.9 million before the MiCA transition period ended, according to Decta. According to NS3.AI, trading volume for these tokens increased 43.1% to $67.3 million over the same period. Despite the growth in euro-denominated stablecoins, CoinGecko data indicates that dollar-pegged stablecoins continue to dominate the sector, with about $300 billion in total market capitalization.