Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.

Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.

Non-dollar stablecoins hold just 0.2% of total stablecoin market share as USD-pegged tokens like USDT and USDC dominate over 95% of the market.