PANews reported on April 15 that according to CoinDesk, the supply of Circle's euro-backed stablecoin EURC has soared to an all-time high, as the increase in US trade tensions and the weakening of the US dollar may have stimulated the market demand for euro-denominated digital assets. According to RWA.xyz data, the supply of EURC has increased by 43% in the past month to 217 million, worth US$246 million, ranking higher than Paxos' Global Dollar (USDG) in terms of market value, but lower than Ripple's RLUSD. Most EURC tokens are circulated on the Ethereum network, increasing by 35% in a month to 112 million, while EURC on Solana has grown the fastest, increasing by 75% in a month to 70 million. The supply of EURC on Coinbase's Ethereum second-layer network Base also increased by 30% to 30 million.

The token has also seen an increase in on-chain activity, with active addresses growing 66% to 22,000 and monthly transfer volume exceeding $2.5 billion, up 47% in a month, according to RWA.xyz data. EURC’s accelerated growth could be a sign of growing market demand for diversified euro-denominated digital assets, especially as global investors grapple with heightened uncertainty about the U.S. economy from the Trump administration’s massive tariff hikes. The dollar has depreciated 9% against the euro since the start of the year.