S&P Global Ratings projects a dramatic expansion in the euro-denominated stablecoin market, predicting it will reach €1.1 trillion ($1.3 trillion) by 2030. This represents a 1,600-fold increase from the €650 million ($767 million) base at the end of 2025. The growth is attributed to rising demand for asset tokenization investments and the regulatory clarity provided by the EU's Crypto Asset Markets Regulation (MiCA), effective from January 2025. In a baseline scenario, S&P estimates the market could grow to €570 billion ($672 billion) by 2030, equating to 2.2% of total eurozone bank deposits. The report highlights the shift in stablecoin use from primarily crypto trading to broader real-world applications as a key driver of this expansion.