France-based issuers account for $827.7 million of the $933.9 million euro stablecoin market, representing about 89% and placing them far ahead of Luxembourg and Iceland.
Issuers based in Luxembourg account for $37.9 million, while those based in Iceland account for $27.2 million.
The country figures show the market by issuer location. In a separate measure, Circle’s and Société Générale’s euro stablecoins together made up 83% of the market. That figure combines the market share of two tokens, while the $827.7 million figure reflects issuers based in France.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
