Euro stablecoins account for over 80% of non-USD market

Euro-denominated stablecoins account for over 80% of the stablecoin market outside of the U.S. dollar, according to data from Dune. The total supply in this non-dollar segment is valued at $1.2 billion. The report noted that the use of euro stablecoins in payment infrastructure is on the rise, with Visa and Mastercard expanding their support for EURC payments. The monthly trading volume for non-dollar stablecoins has grown significantly over the past three years, now standing at around $10 billion. However, this remains a small fraction of the total stablecoin market, which is estimated to be between $300 billion and $316 billion.