About

Euro Stablecoins is the euro stablecoin market reference. The site tracks supply, peg data, chain distribution, holder counts, mint/burn history, transfer activity, issuer context, and provides a free public API for EUR-denominated stablecoins.

The site currently tracks 13 EUR-denominated stablecoins deployed across major chains, including Ethereum, Polygon, Solana, Stellar, the XRP Ledger, Algorand, Gnosis, Base, Arbitrum, Optimism, Avalanche, BNB Chain, Linea, World Chain, Plasma, Concordium, Xahau, and Cosmos (Noble). See /euro-stablecoins for the full list of tracked stablecoins.

Data sources include on-chain RPC providers, public block explorers, CoinGecko, DefiLlama, and project/issuer disclosures. No paid data partnerships.

Supply data is fetched directly from on-chain sources:

• EVM chains (Ethereum, Base, Polygon, Arbitrum, Optimism, etc.) — totalSupply() via on-chain RPC and public block-explorer APIs
• Solana — SPL Token supply via Solana JSON-RPC
• Stellar — Horizon API asset stats
• XRP Ledger — gateway_balances RPC
• Algorand — Indexer API for ASA supply
• Concordium — CIS-2 token supply via CCDScan API
• Xahau — gateway_balances RPC
• Noble (Cosmos) — bank module supply via LCD REST

Peg data (EUR price, deviation) for the tracked subset comes from CoinGecko. Historical supply backfill, where applicable, draws on DefiLlama's stablecoin dataset and on-chain archival queries.

Peg metrics require an independent market price source. Redemption promises are not ingested as peg prices.

The Markets in Crypto-Assets Regulation (MiCA) is the EU's regulatory framework for crypto-assets, including stablecoins. Stablecoins that reference a single fiat currency are generally categorised as electronic money tokens (EMTs) and must be issued by an authorised electronic money institution or credit institution. The site uses the following display labels on each coin's fact sheet:

• EMI Licensed — issuer presented as an authorised electronic money institution in an EU/EEA jurisdiction.
• Credit Institution — issuer presented as a licensed credit institution (bank).
• Under Review — license application pending or transitional period.
• Not Regulated — issuer not EU-regulated under MiCA.

Labels reflect the issuer's public materials at the time of last review. They are informational and should be checked against the relevant regulator's public register and the issuer's own disclosures. Informational data only. Not legal, financial, or investment advice.

See /mica-stablecoins for the current grouping by status label.

Coin pages separate observed market data from regulator-sourced facts, issuer documents, issuer commercial claims and unavailable or incomplete source coverage. This keeps reference pages factual without turning issuer disclosures into independent legal conclusions.

The classes below are the canonical claim taxonomy used across coin and issuer reference pages on the site. They are companion vocabulary to the per-coin × per-metric coverage labels documented on data coverage.

These rules apply to current and future coin and issuer reference pages. They are not style preferences — they are how the site assigns each claim to a source class so readers can see which kind of source backs a statement.

1. Use direct factual language for regulator-sourced facts.
   When a fact is confirmed by a regulator, public register or national authority, write it as a fact and label the source class. Do not weaken it with issuer attribution.
2. Do not write "according to issuer, they are licensed" when a national register source exists.
   If a national register lists the entity, cite the register. If only the issuer’s own document confirms it, say so and label the source class as Issuer-document fact, not Regulator-sourced fact.
3. Use issuer attribution only for issuer documents, reserve disclosures, white paper statements and commercial claims.
   Phrasing such as "Circle’s white paper states…" or "Circle markets…" makes the source class explicit in prose.
4. Do not treat redemption claims as market peg data.
   A redemption right or par-value commitment is an Issuer-document fact, not a market peg price. The peg section only ingests independent market price sources.
5. Do not treat issuer-stated compliance as independent legal verification unless supported by regulator or register sources.
   Labels such as EMI Licensed or Credit Institution shown on the site reflect issuer materials at the time of last review. They do not assert legal status by eurostablecoins.xyz.
6. Separate source type from claim content.
   Wherever practical, render the source class alongside the claim — in a fact row, a citation footnote or a status label — so readers can see which kind of source backs each statement.
7. Prefer structured fact tables with source-class labels over repeated "according to..." prose.
   A fact table with explicit source-class labels reads more cleanly than prose that repeatedly hedges every sentence.
8. Keep caveats specific and useful.
   Use precise notes such as "Latest data is YYYY-MM-DD (3 days stale)" rather than blanket disclaimers. If the limitation does not apply to the metric being shown, do not paste it in.