𝐌𝐚𝐜𝐫𝐨𝐧 𝐜𝐚𝐥𝐥𝐬 𝐟𝐨𝐫 𝐞𝐮𝐫𝐨 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐠𝐫𝐨𝐰𝐭𝐡 - 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐫𝐞𝐜𝐞𝐧𝐭 𝐭𝐫𝐞𝐧𝐝 𝐢𝐬 𝐞𝐧𝐜𝐨𝐮𝐫𝐚𝐠𝐢𝐧𝐠 🇪🇺 🇨🇵 Today, French President Macron argued in the Financial Times that Europe should strengthen the international role of the euro through the development of euro-denominated stablecoins. As the issuer of the largest euro stablecoin in circulation, EURC, we are committed to supporting this direction — and recent market trends make me more optimistic than I was a year ago. A few highlights from a recent Euro Stablecoin Trends Report (link in comments): • The combined market capitalisation of major euro-pegged stablecoins surpassed €500 million this year, continuing a steady upward trend. • Market cap declined in the 12 months leading up to MiCA — mainly due to non-compliant issuers discontinuing their euro stablecoins — but then grew by more than 100% in the 12 months after MiCA entered into application. • Aggregated monthly transaction volumes for major euro-pegged stablecoins increased by 899% after MiCA, rising from $383 million to $3.83 billion. • EURC recorded the strongest post-MiCA growth, with transaction volumes rising by over 1,139%. • EURC market cap has grown more than 8×, from ~€35M at our MiCA launch in summer 2024 to ~€290M today. These are promising signals for the euro-stablecoin ecosystem — still starting from a relatively small base, but clearly accelerating. Will 2026 be the breakthrough year for euro stablecoins? Time will tell. We shouldn’t expect a sudden hockey-stick type market shift over night, but the market is maturing: MiCA is fully in force, more issuers and institutional partners are entering, and political support is growing. Great to see the French President voicing his support for euro stablecoins so clearly!(Patrick Hansen)