Circle’s EURC Stablecoin Hits Record Supply as Crypto Investors Seek Dollar Diversification
Circle’s euro-backed stablecoin, EURC, surged to a record supply as mounting U.S. trade tensions and a weakening dollar likely fuel demand for euro-denominated digital assets.
EURC’s supply grew 43% over the past month to 217 million tokens worth $246 million, ranking above Paxos’ Global Dollar (USDG) and below Ripple’s RLUSD by market capitalization, RWA.xyz data shows. Most of the EURC tokens circulate on the Ethereum network, up 35% in a month to 112 million, while Solana saw the fastest, 75% expansion to 70 million tokens. Base, Coinbase’s Ethereum layer-2, also saw a 30% growth to 30 million in EURC supply.
The token also experienced an uptick in on-chain activity, with active addresses rising 66% to 22,000 and the monthly transfer…
