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EURC Circle\'s euro stablecoin EURC hits a record high
According to Sanitation data, Circle\'s euro stablecoin EURC has set its highest number of active addresses and new wallet creations in a single day four years after its launch. On July 9, the number of daily active wallets reached 1760, a milestone that highlights the accelerating growth of market demand for regulated euro-denominated digital assets.
MiCA cleared the way for EURC
This surge is no coincidence. The transition period for the EU\'s Cryptographic Asset Markets Act (MiCA) ends on July 1, 2026, after which all crypto companies providing services to EU customers must obtain a license. This deadline has greatly reshaped the competitive landscape. Tether chose not to submit an application, and its CEO Paolo Ardoino called MiCA\'s reserve requirements \"dangerous\", causing major exchanges such as Coinbase, Binance and Kraken to remove the USDT from European users. As the dominant stablecoins in the market withdraw from regulated European platforms, liquidity is bound to find new destinations.
EURC issued by Circle has the highest average market value among MiCA-compliant euro stablecoins in the past year, reaching US$430.4 million, while also leading the way in average weekly trading volume at US$34 million. Circle\'s EURC has become the dominant euro stablecoin, accounting for approximately 41% of the total market value of the euro stablecoin, compared with only 17% in the past 12 months.
Compliance becomes a competitive advantage
The main reason driving the surge in EURC activity is the enforcement of MiCA stablecoin provisions, which require issuers to hold specific reserves and obtain licenses to operate in the EU. Circle was one of the first global companies to obtain an Electronic Money Institution (EMI) license, making EURC the first major stablecoin to comply with MiCA requirements. As the leading euro stablecoin in the crypto capital market, EURC meets MiCA requirements and is convertible to euros on a 1:1 basis, and is available globally on Avalanche, Base, Ethereum, Solana and Stellar.
This multi-chain layout is crucial: several well-known centralized exchanges have begun to restrict non-compliant stablecoins to European users, which naturally introduces liquidity to EURC. In the 52 weeks ended June 28, 2026, the total market value of euro stablecoins that meet MiCA requirements increased from US$295.6 million to US$673.9 million, an increase of 128%. Broader trends suggest that Europe\'s stablecoin market is consolidating around a few fully licensed tokens, with EURC currently leading with a significant advantage.
