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The total supply of non-USD stablecoins has reached $1.2 billion, with over 1.2 million addresses holding the tokens.
ME News message, March 31 (UTC+8), Dune and Visa research data show that the total supply of non-USD stablecoins has reached $1.2 billion, with a monthly on-chain transfer volume of about $10 billion. The number of token-holding addresses has grown from approximately 40,000 at the beginning of 2023 to the current 1.2 million. Among them, euro stablecoins have grown the most significantly under the MiCA regulatory framework, with monthly transaction volume year over year increasing 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 a USD-led model to a multi-currency on-chain settlement system. (Source: ChainCatcher)