Visa Report: Euro Stablecoins Dominate Non-Dollar Markets

AirdropBlackHole · 2026-03-26T22:17:02+00:00

A Visa report reveals that euro stablecoins make up over 80% of the non-dollar stablecoin market, valued at $1.2 billion. Monthly trading volume is around $10 billion, yet euro stablecoins comprise a small segment of the $300 billion overall market.

AirdropBlackHole

2026-03-26 22:17:02

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According to a report commissioned by Visa, euro-denominated stablecoins account for over 80% of the non-dollar stablecoin market, with Dune reporting that the total supply in this market has grown to approximately $1.2 billion. The report highlights the increasing use of euro stablecoins in payment infrastructure, with Visa and Mastercard expanding their settlement support for EURC in parts of their networks. Dune indicates that the current monthly trading volume in the non-dollar stablecoin market is around $10 billion, reflecting a sharp increase in usage over the past three years. Nevertheless, euro stablecoins still represent only a small portion of the broader stablecoin sector, which currently has a total size of about $300 billion to $316 billion, while data from DefiLlama shows that euros still account for approximately 20% of global foreign exchange reserves.

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