The total supply of euro-pegged stablecoins reached a record €751 million, with 83% issued by Circle’s EURC and SG-FORGE’s EURCV, the digital-assets arm of Société Générale. The market grew by about 2.3% over a comparable monthly period and 54% year over year, adding roughly €263 million, while dollar-pegged stablecoin supply remained flat or edged lower. Nearly 98% of the euro supply complies with the MiCA regulatory framework, and most is backed 1:1 by euros or cash equivalents held in reserve. Ethereum hosts most of the tokens, but issuers are also expanding onto Solana and Base, while banks now account for around 29% of the market.
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