Euro-denominated stablecoins have surpassed a $1 billion market capitalization, driven primarily by Circle's EURC. The market value of these stablecoins has more than doubled in 2025, with EURC capturing a significant portion of the supply. Additionally, on-chain data indicates that USDC's cross-chain activity reached unprecedented levels, with CCTP transfers in the fourth quarter of 2025 exceeding $30 billion.