The number of unique addresses holding euro-denominated tokenized assets has surpassed 200,000, according to Token Terminal data, signaling growing demand for euro-pegged stablecoins in the Web3 ecosystem. This milestone underscores rising adoption of euro-linked digital assets beyond traditional USD-centric liquidity pools.
While USD-backed stablecoins such as USDT and USDC dominate the market, euro-backed tokens are gaining traction among European users and DeFi platforms seeking USD liquidity alternatives. The development suggests a broader shift toward euro-denominated liquidity within the crypto space.
Tokens such as Tether’s EURT and Circle’s EUROC provide euro-denominated assets pegged 1:1 to the euro, delivering price stability while enabling fast and low-cost transactions. These euro tokens are designed to maintain euro parity, supporting smoother cross-border activity in decentralized finance.
The growing adoption reflects a maturing European crypto ecosystem and rising institutional interest in regulated fiat-backed digital currencies, a trend further supported by the EU’s MiCA framework. Taken together, euro tokenization is positioning itself as a core component of the crypto landscape, signaling a path toward greater euro-based crypto liquidity.
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