The Euro stablecoin market recently hit a new ATH at $730M. Tether's EURT exit under MiCA regulation cut the market in half in 2023/2024. Circle stepped into the gap with EURC, and now leads with 61% market share. The number two spot is held by EURCV, issued by a top-tier TradFi bank, Societe Generale at $71M. MiCA is consolidating the Euro stablecoin market around compliant issuers with real distribution. With the structural tailwinds in place, $1B market cap by end of year could be possible.