Italy ranked second on Brighty's platform, generating 15.5% of EURC transactions and 18% of volume.
Crypto News
Spain accounted for roughly 36% of Euro Coin (EURC) transactions and 25% of total volume on crypto banking platform Brighty across 2025 and Q1 2026, according to internal data the company shared with Cointelegraph. The figures come from Brighty, which offers an early look at how euro stablecoins are being used under the Markets in Crypto-Assets (MiCA) framework.
Average payment sizes in Spain came in at around 49 euros ($57) per transaction, the lowest among Brighty's top markets. Brighty co-founder Nick Denisenko said Spanish users treat EURC the same way they would a standard euro on a card, with no exchange rate friction when transacting alongside USD Coin (USDC).
Italy and Germany Trail Spain in EURC Activity
Italy ranked second on Brighty's platform, generating 15.5% of EURC transactions and 18% of volume. Germany followed with roughly 13% of transactions and 19% of volume, where the average payment came in at approximately 105 euros ($123).
France posted the highest average transaction size at around 171 euros ($186), more than three times Spain's figure. Brighty's data suggests French usage is tied to larger transfers rather than everyday spending, a pattern distinct from Spain's retail-oriented activity.
Denisenko said Spain's position reflects higher user familiarity with crypto and stronger institutional readiness among local banking partners. "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," he said.
Spanish users were among the earliest adopters of EURC on Brighty and show particularly active engagement with the platform's stablecoin yield features. Denisenko said this combination of early adoption, payment-style usage, and institutional awareness has made Spain the clearest early hub for euro stablecoin activity under MiCA.
Euro-pegged stablecoins remain small compared with dollar-pegged tokens such as Tether's USDt and Circle's USDC, even as policymakers seek to expand the euro's role in stablecoin markets. Issued by Circle Internet Financial Europe, EURC is the largest euro-pegged stablecoin currently on the market.
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