The Nov. 14 figures put 89% of the reported euro stablecoin market with France-based issuers, which represented $827.7 million of the $933.9 million total at that reading.
The reported amount for France was $827.7 million. The next-largest country totals were $37.9 million in Luxembourg and $27.2 million in Iceland. This ranking follows the countries where each issuer is based.
Separately, euro stablecoins from Circle and Société Générale together made up 83% of the market in the Nov. 14 figures. The country totals classify issuers by location, while the separate share combines two tokens.
