Euro stablecoin supply grows from a small base as venues add pairs
Regulated euro tokens remain a rounding error against dollar supply, but on-venue liquidity is improving.
Outstanding supply of regulated euro-denominated stablecoins has roughly doubled over the past year, though it remains a fraction of a percent of the dollar-token market.
Growth has come from venue listings rather than payments. Several European exchanges have added euro-token quote pairs, giving local traders a way to sit in cash without converting to dollars.
Issuers say payment adoption is limited by a familiar chicken-and-egg problem: merchants will not accept an instrument their processor does not settle, and processors will not build for volumes that do not exist.
The regulatory position is comparatively settled, which market participants describe as a structural advantage that has yet to translate into flow.
Two issuers said they are prioritising treasury and B2B settlement use cases over consumer payments for the coming year.
Spotted an error? Read our corrections policy or email newsroom@dc10audio.com. Nothing here is investment advice.