USD-backed stablecoin continues to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was $270bn which is 70 times higher than their EU counterparts.
In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high — link
In contrast, just 1.1% of all transactions are done using Euro-backed stablecoins. However, it is notable that this share has increased from near zero in 2020 and is currently at an all-time high — link
For 6 years, we've been your trusted source for fast, to-the-point, actionable crypto news and insights.
We're proud to empower you through bull and bear, and grateful for your support!
Here's to many more years of walking together on the ever-evolving crypto market!
♥️ @nakamotocat
Please open Telegram to view this post
VIEW IN TELEGRAM