What is the current market share of Euro stablecoins compared to USD tokens?

Euro stablecoins currently hold a very small share, around $600 million, compared to the dollar-based stablecoin market which exceeds $300 billion.

Why are Euro stablecoins important for the future of finance?

They are crucial for connecting the large euro economy to the rapidly growing on-chain settlement infrastructure and tokenized asset markets.

What are the future projections for tokenized assets and the role of the Euro?

Projections suggest tokenized assets could reach $30 trillion by 2034, making the euro's on-chain presence essential.

Home / Business and Economy / Beyond USD: Euro Stablecoins Set to Reshape Finance

Beyond USD: Euro Stablecoins Set to Reshape Finance

5 Dec

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Summary

Euro stablecoins represent a tiny fraction of the current market.
Global tokenized assets are projected to reach $30 trillion by 2034.
A significant portion of euro's global currency flows could move on-chain.

Beyond USD: Euro Stablecoins Set to Reshape Finance

Euro stablecoins, currently representing a modest $600 million of a market dominated by dollar tokens, are on the cusp of a major expansion. Despite Europe's current focus on central bank digital currencies, the underlying economic reality points to a significant future for privately issued euro stablecoins. The sheer volume of economic activity settled through stablecoins globally, which surpassed $28 trillion in 2024, highlights the growing importance of this on-chain settlement infrastructure.

The current dominance of dollar-based stablecoins is not a reflection of the euro's irrelevance but rather a gap in infrastructure. As global tokenized assets are projected to reach $30 trillion by 2034, the eurozone, a $16 trillion economy and the world's second-largest currency bloc, cannot afford to be absent from this on-chain financial revolution.