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.

https://preview.redd.it/dozy7qaksi6d1.png?width=1280&format=png&auto=webp&s=ff3afc97e954aafc9e947e09534eb8597456a670

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