Euro Stablecoin Market Surpasses $900M Under MiCA

The euro stablecoin market reached approximately $900 million by mid-2026, surpassing its early 2022 peak of $721 million, driven by regulatory consolidation under the Markets in Crypto-Assets Regulation (MiCA), according to BeInCrypto. MiCA, effective from December 2024, mandates euro stablecoin issuers to maintain segregated reserves and publish audits, concentrating liquidity among compliant issuers. Circle's EURC now represents about 50% of the euro segment. Despite this growth, euro stablecoins hold less than 0.4% of the global stablecoin supply, highlighting limited retail demand.