The market cap of euro stablecoins has doubled since MiCA took effect, but there is still a huge gap compared to dollar stablecoins.

ChainCatcher News, according to Coingecko data, the market capitalization of euro stablecoins has doubled in the year since the European Union's Markets in Crypto-Assets Regulation (MiCA) came into effect, currently reaching about $683 million. However, there is still a huge gap compared to the over $30 billion market cap of US dollar stablecoins.

Additionally, according to the "2025 Euro Stablecoin Trend Report" released by London-based payment company Decta, the recent growth of euro stablecoins has mainly been concentrated in a few leading tokens. For example, EURS market cap grew by 6.44%. In addition, Circle's EURC and Société Générale's EURCV also achieved significant growth, with trading volumes increasing by 1139% and 343%, respectively.

Decta's survey also shows that search activity for euro stablecoins has surged across the EU, with Finland up 400%, Italy up 313.3%, and smaller but steady growth in markets such as Cyprus and Slovakia.