EURC Hits New Record as Demand Grows Across Blockchains - Crypto News Flash

• EURC supply jumped 43% in one month, hitting a record 217 million tokens in circulation across major blockchains.
• Regulatory approval and growing DeFi adoption push EURC beyond Europe, expanding its global relevance and utility.

The surge in demand for Circle’s euro-based stablecoin, Euro Coin (EURC), is no longer a figment of the imagination. In the past month, its supply has surged 43% to an all-time high of 217 million tokens.

Its value is estimated at around $246 million, most of which is still circulating on the Ethereum network, which itself has increased 35% to 112 million tokens. But the story doesn’t stop there.

It makes sense, considering that geopolitical tensions and the shadow of a global trade war have made many people more comfortable holding euro-based assets. Amid the unpredictable turmoil, EURC has emerged as an alternative that is considered more stable.

In fact, DeFi protocol Aave recorded an inflow of €2.3 million in April alone. Imagine, in a world that is constantly seeking financial peace, EURC has become a buoy.

EURC Expands Its Reach Across Major Blockchain Networks

Interestingly, EURC is not just standing still. Circle continues to push expansion to networks such as Avalanche, Base, Stellar, Sonic, and Solana. The wider the reach, the higher the utility. Not only that, CNF has also reported that EURC and USDC are now officially recognized by the DFSA, the regulator at the Dubai International Financial Center (DIFC). That way, both can operate with a clear legal basis in one of the global financial centers.

Dante Disparte from Circle said, this is indeed part of the company’s big strategy to encourage the adoption of stablecoins that are truly supervised and compliant with regulations. So it’s not just sweet promises.

Clear regulations mean trust can grow stronger. If people used to wonder if stablecoins were really safe, now the answer is starting to look clearer.

From IPO Ambitions to Global DeFi Integration

Meanwhile, on the other hand, Circle is also quietly moving in a broader direction. In early April, they filed documents with the SEC to go public on the New York Stock Exchange with the stock symbol “CRCL.” Their revenue in 2024 reached $1.68 billion, although net profit fell to $157 million from the previous year.

But it can be said that this plan is still a strategic step that shows their seriousness in bridging the traditional and crypto spaces.

What is also interesting is that Circle is not satisfied with just expanding EURC. They signed an MoU with ICE to explore the integration of their stablecoin into capital market infrastructure. In Japan, they even partnered with financial institutions to expand the use of USDC in the DeFi sector.

Compared to the beginning of stablecoins which were only a transaction bridge, now they have started to enter the main route of world financial traffic.