EURC supply jumped 43% in one month, hitting a record 217 million tokens in circulation across major blockchains.
Regulatory approval and growing DeFi adoption push EURC beyond Europe, expanding its global relevance and utility.
The surge in demand for Circle’s euro-based stablecoin, Euro Coin (EURC), is no longer a figment of the imagination. In the past month, its supply has surged 43% to an all-time high of 217 million tokens.
Its value is estimated at around $246 million, most of which is still circulating on the Ethereum network, which itself has increased 35% to 112 million tokens. But the story doesn’t stop there.
It makes sense, considering that geopolitical tensions and the shadow of a global trade war have made many people more comfortable holding euro-based assets. Amid the unpredictable turmoil, EURC has emerged as an alternative that is considered more stable.
In fact, DeFi protocol Aave recorded an inflow of €2.3 million in April alone. Imagine, in a world that
