Why Euro Stablecoins’ DeFi Market Share Remains Low

• EUR stablecoins account for about 0.35% of the overall supply, and their share in DeFi remains below 0.1%.
• EURC has the largest market capitalization at roughly $445 million, while competing euro stablecoins have smaller user bases and activity.
• Liquidity is also scattered across multiple pools, reducing market depth and making it harder to execute large EUR stablecoin swaps.

EUR-pegged stablecoins occupy an insignificant portion of the DeFi market even as Europe draws closer to a unified crypto rulebook. According to Barter Swap, a DeFi protocol, euro stablecoins account for 0.35% of total stablecoin supply, with a share of trading volume below 0.1%. The gap shows that euro-based assets remain limited in day-to-day DeFi activity.

The market is narrow as Circle’s EURC leads with about $445 million in market cap, followed by EURCV, AEUR, EURI, and EURe. These toke…

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