TLDR
- Euro stablecoin supply reached $848.1 million, rising about 22.6% since January 1.
- Euro stablecoins added roughly $156 million in 2026, nearly matching dollar stablecoins’ $159 million increase.
- Dollar stablecoins still dominate with a 99.5% market share, compared with 0.3% for euro stablecoins.
- EURC and EURCV control about 82% of the euro stablecoin market.
- Ethereum holds 69.4% of euro stablecoin supply, while Solana accounts for 14.7%.
Euro stablecoins recorded steady growth in 2026, even as dollar-based stablecoin supply remained almost unchanged. Token Terminal data shows euro-denominated stablecoin supply reached $848.1 million on September 7, up from $691.7 million on January 1. That marks growth of about 22.6% this year.
The figures show that euro-denominated tokens added supply at a pace that stands out against a much larger dollar market. The comparison does not change the dollar sector’s dominant position, but it shows that most new net issuance this year came from two very different currency markets.
Euro Stablecoins Gain Supply Share
Euro stablecoins added about $156 million in net supply during the first eight months of 2026. Dollar stablecoins added about $159 million over the same period, rising from $298.54 billion to $298.699 billion.
The two markets remain far apart in size. Dollar stablecoins control about 99.5% of total stablecoin supply, while euro stablecoins account for about 0.3%. Even so, both markets added almost the same amount of new supply this year.
EURC remains the largest euro stablecoin, with a 62.6% market share. EURCV follows with 19.6%. Together, the two assets account for about 82% of the total euro-denominated stablecoin supply.
EURI holds 4.5%, while EURe controls 3.9%. More than 20 other euro tokens share less than 6%. SG-Forge, a Société Générale subsidiary, issues EURCV under European regulatory approval tied to MiCA rules.
Ethereum Captures Most New Issuance
Ethereum recorded the largest increase in euro stablecoin supply. Its total rose from $463.4 million in January to $588.7 million in September. The network now holds 69.4% of the euro stablecoin market.
Solana also expanded, rising from $94.9 million to $124.9 million and reaching a 14.7% share. Base fell from $73.9 million to $58.7 million, while Gnosis and BNB Chain posted smaller gains. Liquidity remains concentrated on Ethereum and Solana, where most of the euro stablecoin supply increase has taken place during 2026.
Dollar stablecoin supply changed little during the same period. The segment moved from about $298.5 billion in January to $298.7 billion in September, an increase of only 0.05%.
Euro stablecoins therefore gained supply in a stable overall market. European rules have also created a clearer path for banks and licensed electronic money firms to issue tokens. However, trading and DeFi demand for euro-denominated assets remains smaller than demand for dollar-based stablecoins.
The post Euro Stablecoins Surge 22%, But One Detail Stands Out appeared first on Blockonomi.
