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According to Reuters, Standard Chartered's crypto subsidiary Zodia Markets stated that in 2025, the second most used stablecoin by its clients is not the euro or other G10 currency stablecoins, but a stablecoin pegged to the Turkish lira, second only to the US dollar stablecoin. Zodia said that clients use the lira stablecoin as an alternative to traditional bank transfers because it is faster, more reliable, and cheaper to settle. Data shows that in 2025, Zodia processed $110.5 billion in US dollar stablecoin transactions, $3.4 billion in lira stablecoin transactions, while euro stablecoin transactions amounted to only a few tens of millions of dollars.