Circle’s EURC stablecoin has just hit a record high in supply, exceeding $246 million after a 43% monthly surge. This growth is fueled by investor concerns about the US dollar and the potential for new EU regulations to favor alternative currencies. As uncertainty around the US dollar grows, investors are increasingly looking to EURC as a stable and reliable alternative for Euro-based transactions. experts cite growing demand for DeFi applications, along with recent regulatory changes that have impacted other stablecoins like USDT. Xapo Bank reported a 50% increase in euro deposits during Q1 2025. Furthermore, the closure of EURT by Tether and new regulations on US dollar-pegged stablecoins like USDT from platforms like Binance have further driven demand for EURC. EURC’s success is evident in its increasing distribution across different blockchains, with significant growth recorded on Ethereum, Solana, Coinbase Base, and other networks. Overall, the rising popularity of EURC signals a potential shift towards a euro-centric stablecoin landscape.