Ethereum leads the market for euro-backed stablecoins, Token Terminal data shows

Ethereum is the primary network for euro-denominated stablecoins. Token Terminal data indicates the chain hosts nearly two-thirds (65.2%) of all EUR-backed stablecoin supply. Euro-focused stablecoins remain small relative to USD-pegged products, but Ethereum also retains a leading position across the broader stablecoin market. In total, Ethereum currently holds about $164.6 billion in stablecoins, well ahead of Tron (@trondao) at $90.3 billion.