Spain leads Europe in retail use of Circle's EURC stablecoin

Spain has become the primary market for retail payments using Circle's euro-pegged stablecoin, EURC, Cointelegraph reported. Citing data from crypto banking platform Brighty, the report noted that from 2025 through the first quarter of 2026, Spain accounted for approximately 36% of all EURC transactions and 25% of the total volume, making it the largest market in Europe. The average payment amount per transaction was around €49 ($57). Brighty co-founder Nick Denisenko explained that for Spanish users, EURC functions just like a regular euro and offers frictionless exchange when trading with USDC. According to CoinGecko data, EURC currently represents 49% of the total market capitalization for all euro-pegged stablecoins, which stands at approximately $887 million.