MiCA-Compliant Euro Stablecoins Surge 128% to $673.9M After June 30 Deadline

On June 30, 2026, the European Union's MiCA transitional period ended, making any crypto-asset service provider operating without a licence subject to EU law violations, as confirmed by ESMA on June 23. The shift drove immediate market consolidation: eight euro stablecoins now meet MiCA compliance requirements, up from five at year-start.

Total market capitalisation of compliant tokens surged 128% to $673.9 million over the 52-week period ending June 28, 2026, from $295.6 million. EURC, issued by Circle, led with an average market cap of $430.4 million. New entrants EUROP, EURQ, EURI, and EURAU entered the compliant field during the year, while EURT, EURS, and EURA exited. Combined average daily trading volume across the eight stablecoins increased 43.1% to $67.3 million.