Ethereum, Solana and Base together account for 91.5% of the euro stablecoin market, which reached approximately $835 million by mid-August 2026 from roughly €50 million at the start of 2024. Ethereum holds about 69.5%, followed by Solana at 14.8% and Base, Coinbase’s Layer 2 network built on Ethereum, at 6.9%. MiCA (European crypto-market regulation)-compliant stablecoin supply reached approximately $674 million by mid-2026, placing most euro stablecoins under a recognized regulatory framework. Circle’s EURC can represent up to 63% of total supply, while SG Forge’s EURCV, backed by Société Générale, also holds a significant share. Together, the two tokens account for more than 80% of euro stablecoins in circulation. About 17 other networks, including Gnosis, XRP Ledger, BNB Chain and Avalanche, collectively account for less than 9%.