According to Patrick Hansen, Circle's EU strategy and policy lead, based on data analysis from the decentralized finance platform DefiLlama, EURC (Euro Coin) has successfully breached the €50 million market cap barrier. This significant growth is mainly attributed to its deployment on the Base chain and expansion onto the Ethereum network. In the past week, EURC witnessed a remarkable 36% increase in its market value, suggesting that it will soon be Europe's first euro stablecoin. Notably, as a MiCA compliant euro stablecoin, EURC's rise stands out especially since other higher-valued euro stablecoins like AEUR have been paused due to FlowBank's bankruptcy. This makes EURC more promising in terms of compliance and stability. With the ongoing development of the cryptocurrency market and the increasing demand for stablecoins, EURC's success not only represents its own progress but also signals new dynamics and opportunities within the euro stablecoin sector.