Brighty Platform Data Reveals Spain's Dominance in European EURC Retail Transactions
Data from Brighty indicates Spain dominates retail EURC transactions across Europe, demonstrating robust consumer activity, as France and Germany exhibit larger transaction values amid MiCA's influence on euro stablecoin markets.
According to data from crypto banking platform Brighty, Spain has positioned itself as the most significant retail market in Europe for EURC, Circle's stablecoin pegged to the euro.
Throughout 2025 and into the first quarter of 2026, Spain dominated EURC adoption, representing approximately 36% of all transactions and 25% of total volume, based on Brighty data reviewed by Cointelegraph.
For Spanish users, EURC functions essentially as a standard euro on a card with no exchange rate friction when transacting against USDC.
Nick Denisenko, Brighty co-founder
This platform data provides a preliminary glimpse into the potential applications of euro stablecoins within European retail payment systems, considering that euro-denominated tokens remain relatively modest compared to US dollar-pegged alternatives such as Tether's USDt and Circle's USDC, despite policymakers' efforts to enhance the euro's presence in stablecoin markets.
Spain leads EURC retail usage shift
EURC, which is issued by Circle Internet Financial Europe, the Paris-headquartered division of USDC issuer Circle, represents the largest stablecoin pegged to the euro currently available. The token presently comprises approximately 49% of the $887 million euro-pegged stablecoin market capitalization, based on data from CoinGecko.
Brighty's analysis indicates that Spain demonstrates the most distinctly retail-focused EURC adoption patterns, characterized by comparatively modest average transaction amounts relative to other markets, sitting at approximately 49 euros ($57) per payment.
Data from Brighty reveals that EURC usage in Spain is progressively tied to smaller-value transactions including peer-to-peer transfers and routine daily expenditures. This stands in contrast to the more dispersed usage characteristics observed across other European nations.
France and Europe's high-value EURC stablecoin split
Italy secured the second position in EURC activity, representing 15.5% of Brighty's EURC transactions and 18% of total volume, indicating a combination of both retail and higher-value user segments.
Germany occupied the third spot, representing approximately 13% of transactions and 19% of volume, with an average payment size reaching 105 euros ($123).
France distinguished itself with a significantly elevated average transaction size of approximately 171 euros ($186), exceeding Spain's level by more than threefold, which points toward usage associated with larger transfers as opposed to routine everyday payments.
Why Spain?
Denisenko from Brighty suggests that the data demonstrates Spain exhibiting the most pronounced retail-focused EURC adoption on its platform, which mirrors elevated user familiarity with cryptocurrency and enhanced institutional preparedness among local banking organizations.
When we engage with counterparts at major Spanish banks, we consistently observe a remarkably high degree of competence even among frontline staff — which is not something one takes for granted elsewhere.
Nick Denisenko
He further noted that Spanish users were positioned among the first adopters of EURC on Brighty, emphasizing that they also demonstrate notably active participation with stablecoin-based yield features, which strengthens consistent retail-level usage.
Denisenko further stated that this convergence of early adoption patterns, payment-oriented usage behaviors and broader institutional awareness has established Spain as the most evident early center for euro stablecoin activity operating under the European-wide Markets in Crypto-Assets Regulation (MiCA) framework.