Euro Stablecoins: A Billion Dollars…Give or Take 🤏

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So, apparently, someone managed to conjure up a billion dollars worth of Euro-denominated stablecoins. A billion! Which, if you’re keeping track (and honestly, who isn’t? 🧐), is roughly 0.006% of the Eurozone’s total money supply. It’s like finding a single, slightly used euro in the Mariana Trench. Impressive, sure, but mostly damp.

  • These Euro stablecoins, while hitting the symbolic $1 billion mark, still represent less than a rounding error in the grand scheme of the Eurozone’s finances – about 0.006% of the $15.5 trillion M2 money supply. Seriously.
  • For a couple of years, nothing much happened. Then, suddenly – and one suspects it involved a particularly enthusiastic blockchain enthusiast and a lot of coffee ☕ – things started spreading around. Not just on Ethereum, oh no. Solana, Polygon, Arbitrum, Base, Avalanche, and Stellar all got a piece of the action.
  • Dollar-based stablecoins are still the big kids on the block. Euro stablecoins? They’re… well, they’re trying. They’re very much underrepresented, considering how many actual euros exist in the real world.

Token Terminal informs us that the Eurozone’s M2 money supply is doing the $15.5 trillion thing. So, that 0.006% figure? It’s still pretty small. It’s the sort of number that makes accountants briefly question their life choices.

The report suggests a quiet period for tokenized euros between 2020-2021 (probably everyone was distracted by… things) before a sudden burst of activity starting late 2023 and continuing into the bewildering future of 2024 and 2025. Time, as always, is a construct.

Ethereum reigns supreme, naturally. But now, these digital euros are gallivanting around on Arbitrum, Polygon, Base, Solana, Avalanche, and Stellar. It’s like watching digital money go on holiday. 🌴

This “multi-chain expansion” is apparently a good thing, indicating issuers aren’t putting all their digital eggs in one blockchain basket. It’s all about payments, settlements, and avoiding borders, apparently. Very sensible. Mostly.

Dollar stablecoins, however, are still boss. They handle most of the cryptocurrency liquidity. The euro ones are… trying to catch up. Think of it as a very slow, slightly awkward race. 🐢

Apparently, these Euro stablecoins have been “in development” for years. Which, let’s be honest, sounds suspiciously like a polite way of saying “nobody could quite figure out how to make them work properly.” But there’s hope! If regulators get their act together, institutions stop being scared, or people actually start using them, maybe they’ll take off. Possibly. 🤷

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2025-12-18 03:33