Euro Stablecoins Hit $1B as USDC Cross-Chain Activity Reaches New Highs

• Euro stablecoins market capitalization doubles to over $1 billion in 2025.

• Circle’s EURC dominates with significant user growth, now serving more than 150,000 holders.

• USDC cross-chain transfers reach an all-time high of $30 billion in Q4 2025, up from previous quarters.

Euro stablecoins growth accelerates past $1B milestone in 2025, led by EURC. USDC expands with record cross-chain activity. Explore trends and insights for investors today.

What is Driving the Euro Stablecoins Growth in 2025?

Euro stablecoins growth in 2025 is propelled by increasing demand for fiat-pegged digital assets in Europe, particularly Circle’s EURC, which has seen its market value double year-to-date. This surge reflects broader adoption in payments and DeFi applications, with total supply crossing $1 billion. Regulatory clarity in the EU has further boosted confidence among issuers and users alike.

Source: Token Terminal

The combined market value of euro-denominated stablecoins has now exceeded $1 billion, marking a pivotal moment for regional digital assets. This expansion is largely attributed to EURC, which has captured a dominant portion of the market while competitors lag behind. Data indicates that EURC’s supply has grown steadily, outpacing other euro-pegged tokens in both issuance and utilization.

Source: Token Terminal

Adoption metrics further underscore this momentum, as the number of EURC holders has climbed beyond 150,000. In contrast, other euro stablecoins have shown minimal increases in user base, highlighting EURC’s competitive edge. According to data from Token Terminal, this user growth correlates directly with the token’s market share expansion, positioning it as a key player in Europe’s stablecoin landscape.

How is USDC Expanding Across Multiple Blockchains?

USD Coin (USDC) is broadening its footprint through multi-chain deployments and enhanced interoperability, with supply on the XDC Network recently surpassing $200 million after a sharp rise in December 2025. This follows periods of stagnation below $50 million, driven by increased DeFi and payment integrations on various networks. Native USDC on Base boasts approximately 6.4 million holders, with Polygon and Solana close behind at 6.2 million and 5.7 million, respectively; networks like Arbitrum and Optimism also report millions of active users.

Source: Token Terminal

This distribution of holders demonstrates USDC’s versatility, as activity concentrates on high-throughput chains where real-world transactions occur. Token Terminal reports that such expansions are tied to practical usage rather than mere issuance, enabling seamless operations across ecosystems. As a result, USDC’s multi-chain strategy enhances liquidity and reduces fragmentation in the stablecoin sector.

Source: Token Terminal

Shifting focus from static supply to dynamic flows, USDC’s Cross-Chain Transfer Protocol (CCTP) has recorded quarterly volumes climbing to an all-time high in Q4 2025, totaling more than $30 billion since inception. This uptick, which began accelerating in 2023, involves transfers across Ethereum, Solana, Base, Arbitrum, and Polygon, according to Token Terminal. The trend indicates a pivot toward transaction-oriented growth, where liquidity moves efficiently between chains to support global commerce and DeFi protocols.

Source: Token Terminal

These developments align with Circle’s strategic focus on interoperability, reducing reliance on assets under management alone. As cross-chain volumes continue to rise, USDC is evolving into a cornerstone for borderless financial transactions, supported by data from established analytics providers like Token Terminal.

Frequently Asked Questions

What Factors Are Contributing to the $1 Billion Milestone for Euro Stablecoins?

The $1 billion market cap for euro stablecoins in 2025 stems from EURC’s dominant growth, regulatory support in Europe, and rising DeFi adoption. Circle’s issuance strategies have doubled supply year-over-year, while user numbers have exceeded 150,000, per Token Terminal data, outstripping competitors.

Why Are USDC Cross-Chain Transfers Reaching Record Levels in 2025?

USDC’s cross-chain transfers hit $30 billion in Q4 2025 due to the CCTP’s efficiency in moving funds across Ethereum, Solana, and other networks. This facilitates faster settlements for payments and DeFi, with volumes steadily increasing since 2023, as reported by Token Terminal, enhancing USDC’s utility in multi-chain environments.

Key Takeaways

• Euro Stablecoins Surpass $1 Billion: Driven by EURC’s expansion, this milestone highlights Europe’s growing role in stablecoin markets.
• USDC Holder Base Expands: Over 6 million users on Base alone, with supply on XDC Network topping $200 million, indicating widespread adoption.
• Record Cross-Chain Activity: CCTP volumes exceed $30 billion; monitor these trends for future investment opportunities in interoperable assets.

Conclusion

The euro stablecoins growth to over $1 billion and USDC’s multi-chain expansion underscore the maturing stablecoin sector in 2025, with Circle’s innovations at the forefront. As cross-chain flows hit records, these assets are set to play a larger role in global finance. Investors should track ongoing developments for strategic positioning in this evolving landscape.