Euro stablecoin market cap tops $810M, led by EURC at 65% share

Euro-denominated stablecoins topped $810 million in total market capitalization as of Aug. 5, with Circle’s EURC leading the market at a 65% share, according to blockchain data platform Token Terminal. EURCV, issued by SG-Forge, a subsidiary of major French bank Societe Generale, ranked second with a 16.7% market share. The remaining 23 assets accounted for 18.3% of total market capitalization. Euro stablecoins are currently circulating across 20 blockchains, with Ethereum accounting for the largest share at 69.5%, followed by Solana at 15.1% and Base at 7.2%.