Spain seems to be the strongest retail marketplace for Circle’s euro-pegged stablecoin EURC on crypto banking platform Brighty, in keeping 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 keeping with Brighty knowledge seen by Cointelegraph.
“For Spanish customers, EURC features primarily as a typical euro on a card with no alternate price friction when transacting in opposition to USDC,” Brighty co-founder Nick Denisenko stated.
Brighty’s high nations by EURC and USDC transaction rely share and quantity share. Supply: Brighty
The platform knowledge gives 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, whilst policymakers search to broaden the euro’s function 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 in the marketplace. It presently accounts for about 49% of the $887 million euro-pegged stablecoin market cap, in keeping with CoinGecko
In accordance with Brighty, Spain reveals 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 each day spending. This contrasts with extra fragmented utilization patterns in different European nations.
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 dimension of 105 euros ($123).
France stood out with a a lot larger common transaction dimension of round 171 euros ($186), greater than thrice Spain’s degree, suggesting utilization tied to bigger transfers fairly than on a regular basis funds.
Why Spain?
In accordance with Brighty’s Denisenko, the information suggests Spain reveals the clearest retail-oriented EURC utilization on its platform, which displays larger person familiarity with crypto and stronger institutional readiness amongst native banking establishments.
“After we interact with counterparts at main Spanish banks, we persistently observe a remarkably excessive diploma of competence even amongst frontline employees — which isn’t one thing one takes without any consideration elsewhere,” Denisenko stated.
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He added that Spanish customers have been among the many earliest adopters of EURC on Brighty, including that additionally they present notably 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 beneath European-wide Markets in Crypto-Property Regulation (MiCA) framework.
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