Spain seems to be the strongest retail marketplace for Circle’s euro-pegged stablecoin EURC on crypto banking platform Brighty, in line with firm knowledge.
Spain led EURC utilization by a large margin in 2025 and the primary quarter of 2026, accounting for about 36% of transactions and 25% of quantity, in line with Brighty knowledge seen by Cointelegraph.
“For Spanish customers, EURC features primarily as an ordinary euro on a card with no trade fee friction when transacting in opposition to USDC,” Brighty co-founder Nick Denisenko mentioned.
Brighty’s high international locations by EURC and USDC transaction rely share and quantity share. Supply: Brighty
The platform knowledge affords an early take a look at how euro stablecoins could also be utilized in European retail funds, as euro tokens stay small subsequent to US dollar-pegged stablecoins like Tether’s USDt and Circle’s USDC, at the same time as policymakers search to develop the euro’s position in stablecoin markets.
Spain leads EURC retail utilization shift
Issued by Circle Web Monetary Europe, the Paris-based arm of USDC issuer Circle, EURC is the biggest euro-pegged stablecoin available on the market. It at present accounts for about 49% of the $887 million euro-pegged stablecoin market cap, in line with CoinGecko
In keeping with Brighty, Spain exhibits the clearest retail-oriented utilization of EURC, with comparatively low common transaction sizes in contrast with different markets, at roughly 49 euros ($57) per cost.
Prime three stablecoins by market cap as of April 30. Supply: CoinGecko
Brighty knowledge signifies EURC exercise in Spain is more and more linked to small-value funds resembling peer-to-peer transfers and day by day spending. This contrasts with extra fragmented utilization patterns in different European international locations.
France and Europe’s high-value EURC stablecoin break up
Italy ranked second in EURC exercise, accounting for 15.5% of Brighty’s EURC transactions and 18% of quantity, suggesting a mixture of retail and higher-value customers.
Germany adopted carefully, accounting for round 13% of transactions and 19% of quantity, with the common cost measurement of 105 euros ($123).
France stood out with a a lot increased common transaction measurement of round 171 euros ($186), greater than 3 times Spain’s degree, suggesting utilization tied to bigger transfers slightly than on a regular basis funds.
Why Spain?
In keeping with Brighty’s Denisenko, the information suggests Spain exhibits the clearest retail-oriented EURC utilization on its platform, which displays increased consumer familiarity with crypto and stronger institutional readiness amongst native banking establishments.
“Once we have interaction with counterparts at main Spanish banks, we constantly observe a remarkably excessive diploma of competence even amongst frontline employees — which isn’t one thing one takes with no consideration elsewhere,” Denisenko mentioned.
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He added that Spanish customers had been among the many earliest adopters of EURC on Brighty, including that in addition they present significantly lively engagement with stablecoin-based yield options, reinforcing constant retail-level utilization.
Denisenko added this mixture of early adoption, payment-style utilization and broader institutional consciousness has made Spain the clearest early hub for euro stablecoin exercise below European-wide Markets in Crypto-Belongings Regulation (MiCA) framework.
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