Non USD (USDC, USDT) stablecoins are struggling to crack 0.5% of market share

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USDC

Daily

$1.001

▲ 0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.0172

Resistance 1$1.0016

Price$1.001

Support 1$1.0007

Support 2$0.9998

Support 3$0.9994

Pivot (PP):$1.0009

Trend:Uptrend

RSI (14):55.1

CoinDesk Staff

(06:13 AM UTC)

1 min read

Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.

Non-dollar stablecoins have grown sharply over the past five years. Despite the headlines, they just have not become any more important.

The combined supply of euro, Canadian dollar, Japanese yen, Singapore dollar, and other non-USD stablecoins rose to about $771…

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