Spain Leads Europe’s Retail EURC Stablecoin Market in Q1 2026

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Spain led Europe in retail EURC usage in 2025–Q1 2026: ~36% of European retail EURC transactions and ~25% of total EURC transaction volume. Average EURC transaction size €49, indicating everyday retail payment adoption of the EURC stablecoin. EURC represents nearly 49% of euro-pegged stablecoin market cap (~$887M per CoinGecko), signaling concentrated market share and crypto adoption.
- Spain accounted for about 36% of European retail EURC transactions between 2025 and Q1 2026.
- Brighty data showed Spain also represented about 25% of the total EURC transaction volume in Europe.
- The average EURC transaction size stood at 49 euros, pointing to everyday retail payment use.
Spain became Europe’s leading retail market for Circle’s EURC stablecoin in the first quarter of 2026, according to data from digital banking platform Brighty. The report showed that Spanish users accounted for roughly 36% of all European retail transactions using the euro-backed digital asset between 2025 and Q1 2026.
The growth came as euro-denominated stablecoins gained more attention across Europe. Meanwhile, EURC represented nearly 49% of the total market capitalization of euro-pegged digital assets, which stood at about $887 million, according to CoinGecko data cited in th…
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