EUR-Denominated Stablecoins Surge 12-Fold as European Banks Scale MiCA-Compliant Assets - "The Defiant"

EUR-denominated stablecoins processed at retail virtual asset service providers (VASPs) have grown 12-fold over 15 months to reach $777 million in transaction volume, according to [Fireblocks' State of Stablecoins 2025 report](https://www.fireblocks.com/blog/state-of-stablecoins-2025-payments-infrastructure-reset). European banks and fintechs are accelerating production deployments of Markets in Crypto-Assets Regulation (MiCA)-compliant stablecoins following the EU's regulatory framework implementation.

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