Up 128%, with eight compliant coins, and its market cap climbing to 670 million—the euro stablecoin has finally made a breakthrough. It’s still a smaller player than the dollar, but MiCA’s move has been truly solid.

CoinWorld News: The market capitalization of eight MICA-compliant euro stablecoins rose by 128% in the year before the end of Europe's crypto transition period. Their total market cap climbed from $295.6 million on June 30, 2025, to $673.9 million on June 28, 2026. The report tracks euro-pegged tokens that meet three criteria: must be MICA-compliant, still in issuance, and active in terms of market cap and trading volume. Trading volume also increased, but at a slower pace than market cap, with the report showing that the total trading volume of the tracked stablecoins rose by 43.1%, from $47 million to $67.3 million. The number of eligible euro stablecoins also increased from five to eight. Although the euro stablecoin market remains smaller than dollar-backed tokens, the data shows that MICA helps create a larger compliant euro stablecoin market.