#EURC
4 articles tagged #EURC — curated RWA tokenization coverage.
Revolut is launching a euro stablecoin into a market MiCA handed to an American company
Revolut is preparing to launch a euro-backed stablecoin, leveraging its extensive banking licenses to challenge the current market dominance of Circle’s EURC. This move comes as European MiCA regulations have inadvertently consolidated the euro stablecoin market around US-based issuers, creating a strategic opening for a European neobank. Revolut holds a full UK banking license, an EU banking license, and MiCA authorization, allowing it to issue regulated instruments directly on its own balance sheet. With 65 million users across 38 countries, Revolut possesses a distribution advantage that traditional crypto-native issuers lack. The company is simultaneously participating in the ECB’s digital euro pilot and the FCA’s stablecoin regulatory sandbox, positioning itself at the intersection of private and public digital currency development. By owning the currency issuance process, Revolut aims to bolster its valuation ahead of a potential $200bn IPO. While specific details regarding blockchain integration and reserve management remain unconfirmed, the initiative represents a significant shift in how neobanks integrate RWA tokenization into their core financial services.
EURC On-Chain Activity Hits All-Time High as MiCA Drives Euro Stablecoin Demand
Circle’s EURC stablecoin recently achieved its highest level of on-chain activity in its four-year history, marked by record-breaking daily active addresses and new wallet creation. This surge is primarily driven by the implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulation, which mandates strict compliance for stablecoin issuers. European exchanges, payment providers, and applications are increasingly adopting EURC as a compliant alternative to non-regulated assets. Circle has supported this transition by expanding cross-chain infrastructure and introducing USDC/EURC trading pairs on the Cronos blockchain. This shift highlights a broader trend where regulatory frameworks act as a catalyst for institutional adoption and liquidity in the RWA sector. With tokenized assets now exceeding $20 billion on-chain, regulated stablecoins like EURC are becoming the essential settlement backbone for European financial activity. The sustained growth in wallet addresses suggests that this demand is a structural change rather than a temporary spike, positioning the euro as a more prominent currency in the global on-chain economy.
Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane
Circle has officially launched its native EURC stablecoin on the Base blockchain, marking a strategic expansion for the euro-denominated asset. This deployment provides Base users with a native alternative to bridged or wrapped assets, reducing friction for payments, DeFi, and trading activities. The move aligns with Circle’s broader strategy to position itself as a leader in MiCA-compliant stablecoin issuance within the European market. By integrating with Base, a rapidly growing Ethereum layer-2 network, Circle aims to capture increased demand for regulated on-chain euro liquidity. This development is significant as it reflects the broader trend of stablecoin issuers prioritizing regulatory compliance to gain market share in a tightening global environment. For the RWA market, the availability of native, regulated stablecoins on major L2s is essential for building robust settlement layers for on-chain finance. Ultimately, this launch serves as a key data point in the evolution of regionalized, compliant stablecoin infrastructure.
Circle’s EURC Gains Ground Under MiCA as USDC Faces Rising Competition Concerns
Circle Internet Group is leveraging the European Union’s MiCA framework to solidify its position in the digital finance sector, with its euro-pegged EURC stablecoin capturing approximately half of the MiCA-approved market. This regulatory tailwind provides a strategic advantage as non-compliant tokens face delisting, positioning EURC as a critical tool for regional payments and corporate treasury operations. Despite this growth, Circle faces significant market volatility and investor skepticism regarding its ability to convert scale into durable profitability, as evidenced by a negative price-to-earnings ratio and recent earnings misses. The company’s core revenue engine, USDC, also faces potential competitive threats from rumored stablecoin initiatives involving major payments players like Stripe, Visa, and Mastercard. While Circle reported a 20% year-over-year revenue increase to $694.13 million in Q1 2025, its stock performance remains inconsistent, trading significantly below analyst consensus targets. The divergence between Circle’s regulatory success in Europe and its competitive challenges in the U.S. highlights the broader tension in the RWA market between achieving compliance-driven adoption and maintaining long-term earnings power. Ultimately, Circle’s future hinges on its ability to defend its stablecoin distribution rails while navigating a complex, evolving landscape of public and private digital money.