Key takeaways
- The combined market capitalization of euro-denominated stablecoins has doubled following the introduction of new EU regulations (MiCA) in 2024.
- EURS and EURC are driving post-regulation growth, with increased adoption and transaction activity.
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Euro-denominated stablecoins have doubled their combined market value following the introduction of new EU regulations in 2024, with EURS and EURC leading the growth. according to A report by Decta, a London-based payments company.
The gains represent a significant reversal from previous declines in the euro stablecoin sector. EURC, a Euro-compliant stablecoin issued by Circle, has emerged as a leading option with increased transaction activity and exchange support since MiCA came into effect.
EURS, a stablecoin pegged to the euro and designed to transfer stable value within the cryptocurrency ecosystem, has shown notable gains in adoption following the implementation of the MiCA regulatory framework in the EU. EURCV, another Euro-backed stablecoin, has also seen accelerated growth in usage alongside other compatible tokens.
The introduction of MiCA brought uniform oversight to Euro stablecoins, reducing uncertainty and enhancing consumer protection. As exporters adapt to these rules, the market is entering a structured transition phase characterized by clearer regulatory expectations.
