Summary

  • Euro-pegged stablecoin supply hit a record €751 million.
  • In the euro stablecoin market, Circle (EURC) and Société Générale (EURCV) account for 83% of the market by supply.
  • The two stablecoins have a combined supply of about €623.33 million, far exceeding the supply of other euro stablecoins.

Forecast Trend Report by Period

The supply of euro-pegged stablecoins has climbed to a record €751 million.

Cointelegraph reported on November 9 that the total supply of euro stablecoins reached €751 million. That surpassed the previous record of €637 million set in February 2022.

Circle's EURC and Société Générale's EURCV currently account for 83% of the euro stablecoin market by supply.

Their combined supply stands at about €623.33 million, far exceeding that of the remaining euro-pegged stablecoins.

JH Kim