The stablecoin market is experiencing robust growth and expanding utility, with both euro-denominated and USD stablecoins reaching significant milestones. This surge highlights their increasing adoption across various blockchain networks and their evolving role from mere store-of-value to actively facilitating cross-chain transactions.
Euro Stablecoins Reach New Heights
Euro-denominated stablecoins have collectively surpassed an impressive $1 billion in market value, effectively doubling their size within the past year. This substantial growth is predominantly spearheaded by Circle's EURC, which has become the dominant player in the euro stablecoin sector, capturing the largest share of the total supply. Mirroring this financial expansion, the user base for EURC has also seen a significant boost, with holders climbing past 150,000, underscoring its growing acceptance and utility among users.
USDC Broadens Its Reach and Utility
Meanwhile, USD Coin (USDC) continues its strategic expansion across numerous blockchain networks, with its supply on platforms like XDC Network soaring past $200 million in a short period. This multi-chain presence is also reflected in its vast user base, boasting millions of holders on leading networks such as Base, Polygon, Solana, Arbitrum, and Optimism. Beyond mere supply growth, USDC’s utility is increasingly driven by transactional activity. Quarterly Cross-Chain Transfer Protocol (CCTP) volumes have reached an all-time high, exceeding $30 billion in Q4 2025. This record-breaking activity, spanning major ecosystems like Ethereum, Solana, and Polygon, signals a pivotal shift towards transaction-driven growth rather than solely asset-under-management linkage, cementing USDC's role in a dynamic, interconnected crypto landscape.
