Solana's euro stablecoin supply grew by $22 million in a single week, surpassing the combined growth of every other tracked blockchain during the same period, according to Token Terminal data for the week ending October 25, 2026.
The $22 million addition represents roughly 2.4% to 2.6% of the total euro stablecoin market, which is estimated between $835 million and $916 million across all chains. Solana now holds an estimated 13.7% to 14.8% of euro stablecoins, placing it in second position behind Ethereum.
Growing stablecoin footprint
Total stablecoin value on Solana now exceeds $15 billion. The network has also seen rapid growth in user adoption, with addresses holding stablecoins surpassing 14 million, compared to below 4 million in late 2024.
Regulated issuers and compliance
Multiple regulated issuers now offer euro stablecoins on Solana. Circle issues EURC, while Société Générale Forge, the digital asset arm of the French banking group, issues EURCV. AllUnity's EURAU joined the network more recently, expanding to Solana in April 2026. All three operate under Europe's MiCA framework, the European Union's rulebook for digital assets.
This regulatory clarity has enabled payment integrations, with cross-border payments firm Thunes among those tied to compliant euro stablecoin activity on Solana.
Why Solana attracts euro stablecoin activity
Issuers are drawn to Solana's cheap and efficient transactions. The network's growing roster of institutional and payment partnerships further incentivizes euro liquidity settlement for transfers and trading.
Market dynamics ahead
While Ethereum remains the dominant home for euro stablecoins, Solana is gaining ground fastest among tracked chains. Concentration risks remain a factor to monitor, as growth on any chain can shift sharply when individual issuers mint or redeem in size.
