Spain has emerged as the leading retail market for Circle’s euro stablecoin EURC on crypto banking platform Brighty, accounting for 36% of transactions and 25% of volume.
The data, covering 2025 and Q1 2026, shows EURC in Spain is primarily used for small, everyday payments, with an average transaction size of around €49.
“For Spanish users, EURC functions essentially as a standard euro on a card with no exchange rate friction when transacting against USDC,”
Said Brighty co-founder, Nick Denisenko.
The trend contrasts with other European markets, where EURC activity is more fragmented or skewed toward higher-value transfers, particularly in France and Germany.
EURC, issued by Circle, is the largest euro-pegged stablecoin with roughly 49% of the €887 million market, though it remains small compared with dollar-backed tokens like USDC and USDT.
Italy and Germany show mixed usage across retail and larger transactions, while France stands out for significantly higher average payment sizes, indicating less everyday use.
The findings suggest Spain could become an early hub for euro stablecoin adoption as MiCA regulation takes hold, supported by strong user familiarity and institutional readiness.