In its June 2026 review, the ECB said the international role of the euro grew moderately, while the global stablecoin market remains overwhelmingly tied to the US dollar. For the crypto market, this is a useful signal: Europe is strengthening the position of its currency, but it also recognises that digital payments and tokenised settlement still operate under a strongly dollar-centric architecture.

According to the report, the euro’s share across major indicators of global currency use stood at around 20%, while euro-denominated international debt issuance reached record levels in 2025. At the same time, the ECB stresses that stablecoins remain almost entirely dollar-pegged, with market capitalisation exceeding USD 300 billion by the end of 2025. That is why Europe increasingly links the future international role of the euro to its own payment rails, the digital euro, TIPS, Pontes and Appia.

• the euro remains the world’s second most important currency;
• international euro debt issuance reached a record high in 2025;
• the stablecoin market still remains overwhelmingly US-dollar based;
• the ECB sees the digital euro and tokenised settlement infrastructure as strategic long-term anchors.

The market implication is straightforward. As long as stablecoins are mainly a dollar product, euro-denominated digital settlement will depend on either bank-led structures, the future digital euro model or regulated tokenised payment frameworks. The ECB explicitly warns that if non-euro stablecoins became an important payment instrument inside the euro area, foreign monetary conditions could be imported more directly into the domestic economy.

This also matters for the Ukrainian market. Users and services dealing with euro flows will gradually face a clearer separation between dollar stablecoin infrastructure and European digital payment architecture. On the Obmin.me exchange page, users can choose directions for crypto exchange, while operational checks are described in the AML/KYC policy and FAQ.

Sources: The international role of the euro, June 2026, Money in the digital age, The Eurosystem’s comprehensive payments strategy.