EURC Dominates Euro Stablecoin Market Amid Limited DeFi Liquidity

Circle's EURC stablecoin is at the forefront of the €1.06 billion euro stablecoin market. According to NS3.AI, this segment represents a mere 0.35% of the total DeFi stablecoin supply. Over the past year, EUR stablecoin swaps amounted to $3.17 billion, in stark contrast to the $3.20 trillion swapped for USD stablecoins, highlighting the limited euro liquidity within the DeFi space.