EURC, Circle's euro-pegged stablecoin, has officially become the largest euro stablecoin by market capitalization, boasting a market value of approximately $64.9 million. This announcement was made by Patrick Hansen, Circle’s EU Strategy and Policy Director, on the X platform.
According to data from DefiLlama, EURC now leads the euro stablecoin market, surpassing its competitors. This achievement underscores the growing adoption and significance of euro stablecoins in the cryptocurrency landscape, reflecting a shift toward digital assets backed by traditional currencies.