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.

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OrigamiMountainsAndRivers
· 8h ago
How to control the de-pegging risk of stablecoins pegged to the Lira? Curious.
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MosaicButterfly
· 11h ago
Turkey's inflation is so fierce, but locals actually trust the on-chain Lira more? That's a bit counterintuitive.
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MoonlightMarketMaking
· 11h ago
The agency's transfer system really should be in the museum now; it's so slow it's deadly.
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GateUser-bf5d0c14
· 11h ago
Euro Stablecoin: I suspect you are targeting me, but I have no proof.
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GateUser-e130bc45
· 11h ago
Lira stablecoin surprisingly ranked second; this market is truly magical.
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0xCouchPilot
· 11h ago
What exactly is the user profile of Lira stablecoin users? Cross-border migrant workers?
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AuroraStone
· 11h ago
Zodia, as a subsidiary of a bank, dares to report this kind of data, which is quite honest.
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ColdWalletFitnessCoach
· 11h ago
G10 currency stablecoins collectively fail, who wrote the Turkish lira comeback script
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SlippageAfterTheRain
· 11h ago
Fast settlement, low cost—these eight words are enough for ten years of banking studies.
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MempoolDaydream
· 11h ago
Turkish people fear their currency devaluing, so they run to the chain to hold Lira. This mindset is worth studying.
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