Wu Shuo has learned that, according to Barter research, despite MiCA bringing a unified regulatory framework to Europe, euro stablecoin growth remains stagnant; euro stablecoins account for approximately 0.35% of total stablecoin supply, and euro stablecoin traders represent less than 0.1% of total stablecoin trading volume, with euro stablecoins remaining marginalized in trading and liquidity pools; the main euro stablecoins currently include Circle – EURC ($445 million), EURCV ($63 million), AEUR ($56 million), EURI ($55 million), and EURe ($27 million), with EURC accounting for approximately 70% of total active holders of euro stablecoins, while EURe has accounted for over 60% of on-chain trading volume of euro stablecoins from euro issuers in the past three months.