Europe's stablecoin landscape is undergoing dramatic shifts following MiCA enforcement. EURC has now captured roughly half the euro stablecoin market after major competitors like EURT were forced to exit the region entirely due to regulatory constraints.

The pressure intensifies further with a major exchange announcing plans to delist all non-compliant stablecoins by March 31, 2026. For European traders, this deadline essentially narrows choices down to compliant options like EURC—or stepping away from crypto trading altogether.

Circle's trajectory tells the story. The platform expanded EURC supply from $140 million to $367 million throughout 2025 as it capitalized on the regulatory vacuum created by competitors' forced withdrawals. This growth reflects both market consolidation and the new reality that MiCA-compliant infrastructure increasingly dominates European crypto activity.