What’s Really Behind Solana’s €22M Euro Stablecoin Surge
Solana’s euro stablecoin supply reportedly grew by $22M in one week, more than the combined increase across other tracked chains.
Data tracked by @tokenterminal for the week ending October 25 puts Solana’s share of the euro stablecoin market at roughly 14%, making it the second-largest network after Ethereum.
But the headline needs context.
A reported 20M EURC pre-mint account linked to @circle’s Gateway may account for much of the increase.
These tokens support cross-chain operations and aren’t circulating supply until released.
That means the $22M increase doesn’t necessarily represent $22M in fresh capital entering Solana.
⊹ Who is building the euro stablecoin market
Circle issues EURC, while Société Générale-FORGE issues EURCV. Both are bringing euro-denominated digital assets into the onchain market.
While Thune is integrating EURC into its global payment network and @AllUnityStable has expanded its EURAU stablecoin to Solana.
The opportunity goes beyond token issuance. Faster settlement and lower transaction costs could make Solana useful for euro payments, transfers and cross-border settlement.
The metric I would watch next is actual adoption: circulating supply, trading liquidity and sustained payment activity.
Issuing a euro stablecoin is one step. Building consistent demand for it is another.
This is my opinion based on the data I’ve reviewed, not financial advice.
⊹ GRVT: THE VISION AND THE EXECUTION
After exploring different developments around $GRVT, here are five things that stand out to me.
✧ Yield while trading
Making capital productive while keeping it available for trading could help users manage their funds more efficiently.
GRVT currently offers a 3.5% base APY on eligible stablecoin balances, with a planned upgraded Earn product targeting up to 11% APY.
✧ Self-custody and security
Giving users control over their assets is important, but security and risk management remain essential.
GRVT’s security measures include smart contract audits by Spearbit DAO and infrastructure penetration testing by NCC Group.
✧ Tokenized fixed income
Bringing traditional fixed-income opportunities onchain could expand access to new yield-generating assets. Execution and transparency will matter most.
GRVT identifies the global fixed-income market as a $161 trillion opportunity.
✧ $GRVT token
The buyback and burn of 1.1 million $GRVT was a tangible step, representing close to 1% of the circulating supply at the time. Long-term value will depend on utility, demand and ecosystem growth.
✧ GRVT 2.0
The goal is to bring more of these features together. The real test will be product quality, user adoption and retention.
GRVT is targeting the end of November 2026 for GRVT 2.0, with a roadmap that includes integrated earning and trading features.
⊹ WHAT COMES NEXT
GRVT is working toward bringing trading, yield and asset control into one ecosystem. The opportunity is there, but execution will determine how far it goes.
And to the @GRVT_io team, if you are reading this, I hope you take a moment to appreciate how far the work has brought you.
Keep improving, keep listening to users, and keep building. Meaningful products take time, and consistency matters.
The vision is what gets people interested. The work you put in from here is what can make them believe in it.
I look forward to seeing how GRVT actually executes its roadmap.
This is my opinion based on the data I’ve reviewed, not financial advice.