CoinWorld News reports that, according to ME News and data from Dune and Visa Research, the total supply of non-USD stablecoins has reached $1.2 billion, with monthly on-chain transfer volumes of approximately $10 billion. The number of holding addresses has increased from about 40,000 at the beginning of 2023 to currently 1.2 million. Among these, Euro stablecoins have seen the most significant growth under the MiCA regulatory framework, with monthly trading volume increasing from $38.3 million to $3.83 billion year-over-year. Additionally, local currency stablecoins such as Japanese Yen, Singapore Dollar, and Brazilian Real continue to expand, indicating that the stablecoin ecosystem is gradually shifting from being dollar-dominated to a multi-currency on-chain settlement system.