Gate News message, March 31, Dune and Visa research shows that the total supply of non-USD stablecoins has reached $1.2 billion, with monthly on-chain transfer volumes of about $10 billion. The number of token-holding addresses has grown from roughly 40,000 at the beginning of 2023 to 1.2 million today. Among them, euro stablecoins have grown the most under the MiCA regulatory framework, with monthly trading volume increasing year over year from $383 million to $3.83 billion. In addition, local-currency stablecoins such as the Japanese yen, Singapore dollar, and Brazilian real have also continued to expand, indicating that the stablecoin ecosystem is gradually extending from USD dominance toward a multi-currency on-chain settlement system.
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