Circle's euro-pegged stablecoin EURC saw its wallet share jump more than six times between January 2025 and March 2026, according to available data. The increase points to growing traction for a token that has long played second fiddle to dollar-denominated stablecoins like USDC.
The wallet share metric
Wallet share measures the proportion of cryptocurrency wallets holding a specific asset. For EURC, the metric started from a low base in early 2025 and climbed sharply over the next 15 months. While absolute figures were not released, the multiplier alone signals a notable expansion in distribution. A rising wallet share often reflects broader adoption, as more users choose to hold the token for transactions or as a store of value.
What drove the growth
The surge comes at a time when stablecoins tied to currencies other than the dollar are gaining attention. Euro-denominated digital assets offer an alternative for users in regions where dollar access is restricted or where euro settlements are more common. Circle, which also issues USDC, has positioned EURC as a compliant euro stablecoin available on multiple blockchains. The data period covers a time of evolving crypto regulation in Europe, including the implementation of the Markets in Crypto-Assets (MiCA) framework, which may have influenced demand for regulated stablecoins.
Broader stablecoin landscape
EURC remains a small player compared to USDC or Tether's USDT, but the wallet share increase suggests it is carving out a niche. The growth could also reflect specific use cases, such as euro-denominated remittances or decentralized finance applications that require a stable euro peg. Without more granular data, it's hard to pinpoint the exact drivers. But the sixfold jump over just over a year is a clear sign that euro stablecoins are starting to find their footing.
The next dataset, when released, will show whether this momentum has continued into 2026's second quarter.
