Circle’s EURC sees $77M deposited across 20 DeFi venues as Aave V3 dominates

Circle’s euro-pegged stablecoin EURC has quietly amassed $76.6 million in deposits spread across 20 DeFi protocols. That’s not a massive number by USDC standards, but for a euro stablecoin operating in a market historically dominated by dollar-denominated assets, it represents a meaningful foothold. The lion’s share of those deposits, roughly 70.9%, sits in Aave V3. That concentration tells you something about where the euro-denominated DeFi action is actually happening, and which protocol has managed to build the infrastructure that euro stablecoin users trust. Aave V3’s outsized role Aave V3 holds approximately $42.5 million to $42.7 million in EURC supply based on visible protocol snapshots. That means a single lending protocol accounts for more than two-thirds of all EURC deployed in DeFi. The remaining 29% of EURC deposits are distributed across 19 other venues, including liquidity provision and foreign exchange trading pairs across multiple protocols. The bigger EURC picture The total circulating supply of EURC stands at approximately €410.6 million as of August 17, 2026. That means the $76.6 million sitting in DeFi protocols represents roughly 18-19% of the overall EURC supp...