What problem this solves
Anyone tracking euro-denominated stablecoins runs into the same problem fast: numbers diverge between sources, coverage gaps are common, and the question "which figure should I cite?" doesn’t have a single answer. This article is a reading guide. It lists the public sources used to track EUR stablecoin supply, peg, reserves, MiCA status and DeFi liquidity, explains what each source is useful for, and flags the limitations. There is no ranking or endorsement.
For the core data on this site - which EUR stablecoins exist, on which chains, with what supply and peg posture - start at the euro stablecoin directory and the per-coin pages (for example EURC and EURØP).
Market-data trackers and what they are useful for
These are the public market-data aggregators that publish EUR stablecoin numbers. Each one is good at different things; none is complete.
- DefiLlama Stablecoins - circulating supply, chain distribution and historical series for many EUR stablecoins. defillama.com/stablecoins/EUR. Useful for daily supply trajectories; less useful for live peg or executable depth. eurostablecoins.xyz uses DefiLlama Stablecoins for historical supply backfill (documented on /data-coverage).
- CoinGecko - listing pages, market prices and peg deviation references for EUR stablecoins that meet its listing criteria. coingecko.com/en/categories/eur-stablecoin. Useful for live peg and CEX volume; coverage of newer EUR stablecoins can lag.
- DefiLlama Yields - lending-market APY and pool TVL across protocols that DefiLlama indexes, including EUR pairs. defillama.com/yields. On this site, /markets uses DefiLlama Yields for Aave lending rows where the match is strict (project, chain, symbol) and unique.
- DexScreener - DEX pair data (TVL, 24h volume) when you have a pool address. dexscreener.com. Strong on EVM chains; indexing of Gnosis Chain for some EUR tokens is currently partial.
Issuer and reserve sources
For supply, reserve composition and attestations, the issuer’s own disclosure is the primary source. These are the issuer pages used as references on this site, with a note on what each one tends to publish.
- Circle (EURC) - circle.com/transparency publishes attestations for USDC and EURC. EURC supply is on-chain verifiable across Ethereum, Base, Avalanche, World Chain, Solana and Stellar.
- Schuman Financial / Salvus (EURØP) - schuman.io for the issuer; EURØP is an EMT issued by Salvus SAS. Reserve and attestation references are linked from the EURØP reference page.
- STASIS (EURS) - stasis.net for the issuer. EURS reserves are reported with periodic attestations. On-chain supply on Ethereum is verifiable via the contract; some chains require treasury-balance subtraction to get circulating.
- Monerium (EURe) - monerium.com for the issuer. EURe is e-money on Ethereum, Polygon, Gnosis, Arbitrum, Linea and (via Noble) Cosmos.
- SG-FORGE (EURCV) - sgforge.com for the issuer. EURCV is now deployed across Ethereum, Solana, XRP Ledger and Stellar.
- Banking Circle (EURI) - bankingcircle.com for the issuer. EURI is on Ethereum and BNB Chain.
- Angle (EURA) - angle.money. EURA is in an orderly wind-down (AIP-112), redeemable 1:1 for EURC until 1 March 2027.
Regulator and MiCA sources
Under MiCA, EUR stablecoins fall under the EMT (e-money token) regime when they reference a single fiat. The most useful public references are the EU regulators themselves rather than secondary write-ups.
- ESMA - ESMA’s MiCA hub, including the register of MiCAR Article 109(2) white papers, which lists EMTs that have been notified to ESMA.
- EBA - EBA MiCA pages for technical standards on issuer prudential treatment, reserve requirements and consumer protection.
- ECB - ECB digital-euro pages and prudential commentary for context on how the public-money side of the euro stack relates to private stablecoins.
- EUR-Lex - Regulation (EU) 2023/1114 (MiCA, consolidated text), the primary legal text.
- National competent authorities - relevant when an issuer is supervised under e-money or banking-sector rules at member-state level. For example, the French AMF and ACPR have published authorisations relevant to EUR stablecoins; on this site, the /news feed links to those announcements directly.
DeFi and liquidity sources
DeFi venues are where stablecoins are actually used. For EUR stablecoins this means a relatively small set of pools and lending markets, dominated by Curve, Uniswap v3, Aave and Balancer; smaller surface area than USD stablecoins.
- Protocol UIs and pool registries - the protocol’s own pool page is the canonical source for the pool address. Examples: the Curve dApp, the Uniswap interface, Aave and Balancer. Before trusting an aggregator’s pool, check the protocol page for the same pool address.
- DexScreener and GeckoTerminal - pair-level liquidity and 24h volume. dexscreener.com and geckoterminal.com. Useful when you have a pool address; symbol-only matching is fragile and should be avoided.
- On-chain explorers - Etherscan, BaseScan, Gnosisscan and similar explorers are the final court for "does this token balance exist" questions. Aggregator numbers should be reconcilable against the explorer for any contract that matters.
What eurostablecoins.xyz adds
This site is an independent reference layer that consolidates the above into a few specific views:
- A directory of every active EUR stablecoin - /euro-stablecoins - with contracts, chains, issuer context and per-coin pages.
- A curated market coverage registry - /markets - for pools, lending venues and listed APY where the source is clean. Where no clean source exists, the row stays null with a coverage caveat rather than fabricating a number.
- A source-linked news feed - /news - where every card is a one-line note plus a link to the original source. No article republishing.
- A public v1 API - /docs - so the same data can be consumed programmatically.
- A data-coverage page - /data-coverage - describing where the numbers come from and how confidence is assigned.
- A documented source-class policy - /about#source-classes - that separates market-data-observed facts from issuer-disclosed claims from regulator-sourced facts.
Data limitations and source-quality caveats
A few caveats are worth carrying around for any EUR stablecoin number:
- Circulating vs total supply - some issuers pre-mint into their own treasury wallets. Total on-chain supply can overstate the figure that is actually in circulation; reconciliation requires subtracting labelled treasury wallets where available.
- TVL is not depth - pool TVL reports the on-chain balance, not the size of a trade that can clear without significant slippage. Use 24h volume alongside TVL to judge activity.
- APY moves fast - lending APY and rewards-APY both change with utilisation and incentives. A figure from a few days ago is already stale.
- Symbol matching is fragile - across chains and forks, the same ticker can mean different things. Pool-address or contract-anchored matching is far more reliable than symbol-based.
- Smart-contract risk is not assessed - nothing on this site rates the safety of any pool, vault, lending market or stablecoin contract. Source links exist for the reader to do their own due diligence.
- Coverage gaps - some chains and venues are not yet covered by mainstream aggregators (XRPL, parts of Gnosis indexing). On this site those rows stay null with a documented caveat rather than inferred fill.
Practical checklist for researchers
A short, opinionated checklist when looking at any EUR stablecoin number:
- Identify the issuer and the legal entity.
- Confirm the chains and contract addresses you care about.
- Pull supply from the issuer first, then cross-check against on-chain.
- For peg, compare CEX prices against issuer redemption parity.
- For DeFi exposure, use the protocol pool page for the address, then check the aggregator.
- For MiCA status, read ESMA / EBA / national-regulator pages, not summaries.
- Where data is missing or stale, say so. Do not paper over gaps.
Related pages on this site
- /euro-stablecoins - directory of active EUR stablecoins.
- /eurc - EURC reference page.
- /europ - EURØP reference page.
- /markets - curated market coverage registry.
- /news - source-linked news feed.
- /data-coverage - methodology and coverage.
- /about#source-classes - source-class policy.
- /docs - API documentation.
This article is informational. It is not legal, financial, or investment advice. Where third-party numbers are cited, follow the source link for the authoritative figure. Published 14 May 2026.