The EURC/USDC trading pool at Stabull Finance has witnessed remarkable growth as 2026 commenced, driven by strategic fee adjustments and enhanced routing integrations. These developments have collectively transformed the pool into a significant venue for decentralized trading.
Throughout much of 2025, Stabull adopted a low-profile approach, prioritizing the establishment of robust execution infrastructure over aggressive growth metrics. This method focused on real market behaviors and the efficient movement of capital under favorable conditions. As the new year began, the results of these design choices became evident through on-chain data.
A pivotal change occurred in December 2025, when Stabull reduced the swap fee on key pools from 0.15% to 0.015%. This 90% reduction aimed to align fees with actual foreign exchange execution costs. Notably, this fee adjustment was implemented without an extensive marketing push or alterations to incentives, allowing for a natural market response.
In conjunction with the fee reduction, Stabull”s integration with OpenOcean became operational. This integration enabled the visibility of Stabull pools to existing routing systems on the network. Such aggregators do not directly drive volume; rather, they identify and evaluate execution venues based on various metrics, including price and reliability.
The timing of this integration coincided with the fee reduction, leading to a gradual progression of trading activity characterized by discovery, confidence-building, and ultimately consistent execution. This organic growth has positioned Stabull as a prominent execution infrastructure rather than merely a user interface.
Analyzing the EURC/USDC pool specifically provides valuable insights into this transition. As a straightforward foreign exchange pair between two fiat-backed stablecoins, it offers a clear view of trading dynamics, with minimal volatility and a straightforward on-chain execution path.
By examining on-chain data, it is clear that the EURC/USDC pool has evolved through distinct phases. Initially launched in July 2025, the pool experienced a sluggish trading period with only $149,000 in volume across 198 swaps. However, this changed dramatically following the fee adjustments in January 2026, which catalyzed a surge in trading activity.
From January 1 to 14, 2026, the pool processed approximately $832,000 in volume with 425 swaps, marking a near nine-fold increase compared to previous months. By mid-January, the EURC/USDC pool had accounted for roughly 86–87% of its total trading volume since inception.
The trading behavior further evolved from January 15 onwards, with about $1.44 million in volume processed. This phase was marked by consistent, directional trading patterns, demonstrating a newfound confidence among market participants.
Looking ahead, projections for February anticipate continued volume growth, assuming no shifts in market behavior or liquidity levels. The extended low fee structure is expected to facilitate further organic growth as the integration with OpenOcean on the Polygon network matures.
Overall, the EURC/USDC pool”s journey exemplifies how strategic adjustments and infrastructural readiness can lead to genuine market adoption, reflecting real-world trading dynamics rather than speculative hype.
