From Euros to Stablecoins: S&P Projects Massive Market Expansion in Euros by 2030

In the current context of financial digitization, euro-denominated stablecoins are emerging as one of the most promising assets in the European crypto ecosystem. S&P Global Ratings has conducted a detailed analysis examining the potential of these assets over the next decade, revealing growth prospects that could transform the monetary architecture of the Eurozone.

The Explosive Growth of the Euro Stablecoin Market

According to the analysis by S&P Global Ratings cited by PANews, the outlook for euro stablecoins is extraordinarily optimistic. In the baseline scenario, the industry expects to reach volumes of 570 billion euros by 2030, representing 2.2% of total bank deposits in the Eurozone. This projection is even more ambitious in bullish scenarios, where the market could surpass 1.1 trillion euros.

To put this growth into perspective, it’s enough to remember that at the end of 2025, the market was projected to be just 650 million euros. The numbers speak for themselves: we are looking at a potential expansion of over 870 times in just five years, a growth that reflects increasing institutional confidence in these digital instruments.

MiCA: The Regulatory Catalyst Opening Doors

The projected growth would not be possible without a clear and well-designed regulatory framework. The European Union’s Markets in Crypto-Assets Regulation (MiCA), which came into effect on January 1, 2025, has provided exactly that: legal certainty and robust protections for issuers and investors.

This regulation has transformed the European regulatory landscape, enabling legitimate companies to develop and market euro stablecoins with clear rules and institutional oversight. MiCA thus acts as a trust catalyst, a fundamental element to encourage investors and companies to actively participate in this emerging market.

Asset Tokenization: The True Driver of Demand

Beyond speculation or trading, the real driver of growth lies in practical applications. S&P identifies asset tokenization as the main factor behind this projected expansion. Real estate, bonds, stocks, and other traditional financial instruments are finding new avenues for issuance and distribution via blockchain.

Euro stablecoins are positioned as the backbone of these tokenization ecosystems, facilitating transactions, settlements, and collateral deposits across the Eurozone. This real utility, beyond cryptocurrency trading, is what differentiates these projections from previous speculative cycles. The demand driven by concrete use cases is the reason why S&P forecasts such significant expansion in the coming years.