We were glad to contribute to @range_org’s State of Euro Stablecoins 2025 report, one of the most rigorous looks to date at how euro-denominated stablecoins are actually being used. The data is clear: post-MiCAR, euro stablecoins are moving beyond issuance narratives and into real settlement workflows. With €8.1B in onchain volume analyzed, the report highlights how compliance, distribution, and infrastructure, not novelty, are driving adoption. Our perspective focused on euro stablecoins as settlement infrastructure, particularly for cross-border B2B flows, FX settlement, and institutional treasury movements, where predictability, speed, and cost matter more than global liquidity dominance. Read the full report here 👇 https://lnkd.in/eYA3vNm8
Powering an economy worth $19T, the euro is used by over 350 million people, yet it represents less than 1% of the total stablecoin market. However, things are changing. Euro stablecoins have reached an inflection point. With MiCAR now enforced across the EU, the market is consolidating around compliant, well-integrated assets- and moving toward real institutional adoption. We just published 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐨𝐧𝐜𝐡𝐚𝐢𝐧 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐞𝐮𝐫𝐨 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 𝐭𝐨 𝐝𝐚𝐭𝐞, looking at over €8.1B in volume across 11 stablecoins. Here’s what we found: 📌 Compliance is now table stakes EURC gained significant market share post-MiCAR as non-compliant tokens exited the market. Regulatory alignment is now a requirement for ecosystem access. 📌 Distribution drives adoption Wide support across CEXs, DeFi, and wallets- not yield mechanics - is what separates sustained assets from short-lived ones. 📌 DeFi-first strategies are outperforming EURCV shows that protocol integrations and composable utility create long-term traction. AEUR’s exchange-driven approach did not hold. 📌 Ethereum is still the center of gravity 90% of euro stablecoin supply sits on Ethereum, but new issuance is spreading across Polygon, Solana, and Base. 𝐖𝐡𝐚𝐭’𝐬 𝐧𝐞𝐱𝐭? Euro stablecoins are gaining relevance in: - Cross-border payments and regional remittance flows - DeFi-native FX and euro-denominated vaults - MiCAR-aligned onchain finance and treasury use cases As they enter their next phase of growth, interoperability - between different stablecoins and across chains - will become essential. Products like Range’s Faraday provide the routing, compliance screening, and real-time monitoring needed to scale stablecoin operations securely across ecosystems. To understand where euro stablecoins are heading, read the full report 👇 https://lnkd.in/eYA3vNm8 A huge thanks to our partners who helped make this report possible: Utila · Quantoz · BANXA · AllUnity · Societe Generale - FORGE · Schuman Financial · Morpho · 1Konto · Iron (by MoonPay) · Clear Junction