The market capitalization of euro-denominated stablecoins has surpassed $1 billion, doubling this year. This is mainly due to Circle's EURC, which currently dominates with over 150,000 holders. Meanwhile, USD Coin (USDC) is expanding on networks such as Base, Polygon, and Solana, with its supply on the XDC network exceeding $200 million. Circle's cross-chain transfer protocol (CCTP) also hit a new quarterly high in Q4 2025, with quarterly trading volume exceeding $30 billion, marking a shift towards a transaction-driven growth model.
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The market capitalization of euro-denominated stablecoins has surpassed $1 billion, doubling this year. This is mainly due to Circle's EURC, which currently dominates with over 150,000 holders. Meanwhile, USD Coin (USDC) is expanding on networks such as Base, Polygon, and Solana, with its supply on the XDC network exceeding $200 million. Circle's cross-chain transfer protocol (CCTP) also hit a new quarterly high in Q4 2025, with quarterly trading volume exceeding $30 billion, marking a shift towards a transaction-driven growth model.