The onchain market cap of euro-denominated stablecoins reached a new record of $774.2 million, with Ethereum commanding two-thirds of the total supply.
The combined onchain market cap of EUR stablecoins reached an all-time high of $774.2 million as of May 13, 2026, according to Token Terminal data. Ethereum dominates the euro stablecoin ecosystem, hosting 66.2% of all tokenized euro stablecoins across its network.
The surge in euro stablecoin adoption reflects growing demand for blockchain-based fiat currency alternatives in the EU, with multiple issuers and chains competing for market share. Token Terminal’s analysis tracked assets, issuers, and chains contributing to the milestone, highlighting Ethereum’s continued dominance in the stablecoin infrastructure space.
Sources: Token Terminal
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