EURC market cap surges 51% in a month

The market capitalization of Circle’s EURC stablecoin has surged by over 51% in the past month. At the time of writing, EURC's market cap stands at $248.6 million, placing it ahead of other stablecoins such as USDG by Paxos and AUSD by Aurora.

Growing Demand Amid Dollar Weakness

The sharp rise in EURC's capitalization is largely attributed to the weakening U.S. dollar and increasing geopolitical uncertainty. A growing trade war and fears of a looming recession in the U.S. are pushing investors to seek alternatives to the dollar — including euro-backed stablecoins like EURC.

According to CoinMarketCap and CoinGecko, EURC's market cap currently ranges between $204 million and $212 million. Despite the slight discrepancy, both sources show a clear upward trend beginning in mid-March 2025.

DeFi Surge and Market Signals

In April 2025, the amount of EURC in Aave liquidity pools soared by 531.9%, from €364,000 to €2.67 million, highlighting its increasing use in decentralized finance applications.

Financial firm Xapo Bank echoed this sentiment in a client note, stating: «This rapid growth in volume occurred amid rising concerns over the future dominance of the U.S. dollar and the threat of a recession in the U.S., as markets braced for Trump’s planned ‘Day of Liberation’ in April.»

On April 2, 2025, U.S. President Donald Trump introduced baseline and reciprocal tariffs. He later paused most of them for key allies while tightening measures specifically targeting China.