EURC

XDC Network

USDC

Optimism

Polygon

<p>Stablecoins continue to gain a stronger foothold across global crypto markets. This growth now appears not only in supply figures but also in transaction activity across blockchains. In Europe, momentum is building around euro-linked tokens, while USDC continues to expand across multiple networks. Recent data points to a shift toward transaction-driven expansion rather than passive issuance.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Euro stablecoins exceed $1B in value, driven mainly by EURC growth, while other euro-pegged tokens remain small.</li>
   <li>EURC wallets surpass 150,000 holders, indicating clear gains in user adoption across European crypto markets.</li>
   <li>USDC records millions of holders across Base, Polygon, Solana, and XDC as on-chain usage continues to rise.</li>
   <li>Cross-chain USDC transfers pass $30B in Q4 2025, signaling stronger transaction activity over passive supply growth.</li>
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<h2 id="h-eurc-strengthens-lead-in-euro-stablecoin-market-as-adoption-accelerates">EURC Strengthens Lead in Euro Stablecoin Market as Adoption Accelerates</h2>
<p>Euro-denominated <a href="https://www.cointribune.com/en/visa-rolls-out-stablecoins-advisory-to-help-banks-and-merchants-navigate-market/" target="_blank" rel="noopener noreferrer nofollow">stablecoins</a> have passed a key milestone, with their combined market value surpassing $1 billion. That total has doubled since the start of the year. EURC drives most of this increase, growing steadily as other <a href="https://x.com/tokenterminal/status/2001967243052331050?s=20" target="_blank" rel="noopener noreferrer nofollow">euro-based tokens</a> remain comparatively small. As a result, EURC now accounts for most of the euro stablecoin supply.</p>
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<p>User data also reflects rising adoption of euro-pegged digital currencies. Wallets holding EURC have surpassed 150,000, marking a sharp increase over recent months. Other euro stablecoins show limited movement, reinforcing EURC’s lead in both supply and usage.</p>
<p>USDC growth appears most clearly in active network environments. <a href="https://x.com/tokenterminal/status/2001998491007262724?s=20" target="_blank" rel="noopener noreferrer nofollow">Supply on the XDC Network</a> has surpassed $200 million, after remaining below $50 million for most of the year and then rising sharply in December.&nbsp;</p>
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<h2 id="h-usdc-maintains-broad-network-reach-as-activity-shifts-on-chain">USDC Maintains Broad Network Reach as Activity Shifts On-Chain</h2>
<p>Across chains, the stablecoin USDC is maintaining a broad user base. Base leads with roughly 6.4 million holders, followed by Polygon at 6.2 million and Solana at around 5.7 million. Arbitrum and Optimism also report user counts in the millions.</p>
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<p>Several factors help explain USDC’s continued expansion across networks:</p>
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 <li>Wide availability across major <a href="https://www.cointribune.com/en/four-stablecoins-four-blockchains-visas-big-step-in-digital-payments/" target="_blank" rel="noopener noreferrer nofollow">blockchains</a>.</li>
 <li>Strong demand for on-chain liquidity.</li>
 <li>Active use in payments and DeFi applications.</li>
 <li>Simple cross-chain movement through CCTP.</li>
 <li>Consistent growth in wallet holders.</li>
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<p>Cross-chain flows add further support to this pattern. Quarterly CCTP transfer volumes have risen steadily since 2023 and reached an all-time high in the fourth quarter of 2025, surpassing $30 billion. Activity across Ethereum, Solana, Base, Arbitrum, and Polygon suggests frequent fund movement rather than long-term inactivity.</p>
<p>European banks are also entering the digital asset space through fiat-pegged crypto projects. Nine major institutions plan to issue a MiCA-compliant euro stablecoin built directly on-chain, with an initial launch expected in the <a href="https://www.cointribune.com/en/nine-european-banks-launch-a-euro-stablecoin/" target="_blank" rel="noopener noreferrer nofollow">second half of 2026</a>.</p>

Euro Stablecoins Cross $1B as EURC Leads Growth and Adoption

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