Lira stablecoin ranks second, traditional banks are going to have trouble sleeping.

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.