👀 #USD-backed #stablecoins continue to dominate the #crypto market. Nearly 90% of all transactions in the #cryptomarket are executed using USD-backed stablecoins relative to the USD. Their average weekly volume in 2024 was  270 Billion #USD, 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. That's crazy!
#USD #stablecoins #crypto #cryptomarket #USD