Euro-pegged stablecoin supply grows by $156 million this year as USD stablecoin supply stagnates

Token Terminal data shows Euro-pegged stablecoin supply reached $848.1 million as of September 7, a 22.6% increase year-to-date. In contrast, USD stablecoin supply growth has nearly stalled. EURCV, issued by SG-Forge (a subsidiary of Société Générale), accounts for 19.6% of the Euro stablecoin market and holds a MiCA-compliant license. Ethereum and Solana captured nearly all of the year's growth, while Base saw a decline in its Euro stablecoin holdings.