Non-USD stablecoin supply has doubled over the past three years, reaching $1.1 billion, according to research by YashasEdu. Monthly trading volume for these stablecoins has surged 16-fold, surpassing $10 billion, while the number of holding addresses has exceeded one million.
The study highlights that 90% of non-USD stablecoin transactions are conducted in euros and are widely used in decentralized finance (DeFi). Excluding euro transactions, 80% of the remaining activity is unidentified, potentially involving payment channels, B2B settlements, and remittances.
Non-USD Stablecoin Supply Doubles to $1.1 Billion in Three Years
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