Euro Stablecoins Market Cap Approach Bitcoin Gains with $480M Volume

The market capitalization of euro-pegged stablecoins surged by 44% in the first half of 2025, reaching $480 million. This growth is directly fueled by the euro's powerful 12.88% rally against the U.S. dollar, as traders and asset managers increasingly use euro stablecoins as a tool to gain exposure to foreign exchange movements. The trend has been so pronounced that the sector's gains are now approaching those of Bitcoin.

Data from Coingecko shows investors increased holdings across 21 euro-pegged stablecoins through June 27, 2025.

Circle's EURC Leads Growth Among Euro Coins

Circle's EURC led growth with a 138% rise in market cap to $200.36 million, accounting for nearly half of all euro stablecoin value. Other issuers including STASIS EURO and EUROCENTS also recorded double-digit gains.

The EUR/USD rate climbed 12.88% year-to-date, reaching its highest level since September 2021. Asset managers and retail traders cited the currency's strength as a hedge, moving capital from dollar-based coins into euro alternatives.

Market Share and Correlation Patterns

Euro stablecoins collectively represent under 1% of the $255 billion dollar-pegged stablecoin market despite recent gains. The strengthening correlation between EUR/USD and Bitcoin reached 0.62, suggesting crypto investors view euro-pegged coins as an alternative store of value during market shifts.

This strategy is perfectly illustrated by the actions of individual traders. On X, pseudonymous trader ‘Legendary' shared how they captured a 13% return in just five months simply by swapping their dollar stablecoin holdings for a euro-pegged alternative like EURC:

Previous euro stablecoin growth phases in 2021 and 2022 saw modest inflows, but none matched the scale of 2025's rally. As the market cap nears $500 million, issuers are exploring new partnerships and liquidity pools.