CoinWorld News reports that Zodia Markets, the cryptocurrency subsidiary of Standard Chartered Bank, says that in 2025, the stablecoin with the second-highest usage among its customers is not a euro or other G10-currency stablecoin, but rather a stablecoin pegged to the Turkish lira, second only to the US dollar stablecoin. Zodia says that customers use the lira stablecoin as an alternative to traditional correspondent bank transfers because it settles faster, is more reliable, and costs less. Data shows that in 2025, Zodia processed $110.5 billion in US dollar stablecoin transactions and $3.4 billion in lira stablecoin transactions, while euro stablecoin transactions totaled only a few tens of millions of dollars.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-2100b43b
· 5h ago
Zodia's data is interesting; the payment demand in emerging markets has been underestimated.
View OriginalReply0
NekoValidator
· 8h ago
110.5 billion versus 3.4 billion, the US dollar remains the absolute dominant force
View OriginalReply0
StargazingUnderTheGlassDome
· 8h ago
The rise of Lira stablecoins indicates that geopolitical financial demands are reshaping the payment landscape.
View OriginalReply0
DaoBackbencher
· 8h ago
Fast settlement and low cost—that's the true competitive advantage of stablecoins.
View OriginalReply0
GateUser-4e0e3bcf
· 8h ago
G10 currency stablecoins can't compete with the lira; Europe needs to reflect.
View OriginalReply0
Lightning-FastComposure
· 8h ago
Regarding alternative options for agents, stablecoins are indeed eroding traditional finance.
View OriginalReply0
GateUser-26f91b48
· 8h ago
Turkish lira experiences high volatility, but stablecoins have instead become a safe haven
View OriginalReply0
  • Pinned