The total supply of non-dollar stablecoins has reached 1.2 billion USD, with the number of holding addresses exceeding 1.2 million

According to Forbes, research from Dune and Visa shows that the total supply of non-U.S. dollar stablecoins has reached $1.2 billion, with monthly on-chain transfer volumes around $10 billion, and the number of holding addresses has increased from about 40,000 at the beginning of 2023 to the current 1.2 million.

Among them, the euro stablecoin has seen the most significant growth driven by the MiCA regulatory framework, with monthly transaction volume increasing year-on-year from $383 million to $3.83 billion. Additionally, stablecoins in other currencies such as the Japanese yen, Singapore dollar, and Brazilian real are also continuing to expand, indicating that the stablecoin ecosystem is gradually extending from a U.S. dollar-dominated system to a multi-currency on-chain settlement system.