Stablecoins have been crypto’s killer app for years, but they’ve had a very American accent. The overwhelming majority are pegged to the US dollar, which is great if you live in Miami and less useful if you’re trying to settle a transaction in Indonesian rupiah or Nigerian naira.
Base, the Ethereum layer-2 network built by Coinbase, is making a deliberate bet that changes. The platform now hosts more than 25 local currency stablecoins, spanning roughly 21 different national currencies through over 32 non-USD stablecoin issuers across the Americas, Asia-Pacific, Europe, the Middle East, and Africa.
From dollar dominance to global coverage
The roots of this push trace back to October 2025, when Base head Jesse Pollak first highlighted the network’s growing collection of local currency stablecoins. At that point, the roster included tokens pegged to the Indonesian rupiah, Turkish lira, Brazilian real, Argentine peso, Nigerian naira, Kenyan shilling, South African rand, New Zealand dollar, Canadian dollar, and the euro, with plans already in motion for Singapore dollar and Australian dollar versions.
Eight months later, that list has grown considerably. The network now supports approximately 21 local currencies, a meaningful expansion that reflects both issuer demand and Base’s infrastructure investments to make non-USD stablecoins viable at scale.
