The supply of euro-backed stablecoins on Solana increased by approximately $22 million during the week ended on October 25, according to Token Terminal. Most of this rise was attributable to a pre-issuance of about 20 million EURC, worth nearly $22.4 million, for Circle’s Gateway service, which is excluded from circulating supply. Ethereum nevertheless remains the leading blockchain in total euro-backed stablecoin supply. The market is estimated at between $835 million and $916 million, representing less than 1% of the global stablecoin market dominated by dollar-backed tokens.
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