MarketPublished by KAS Watch · September 10, 2026
Report Highlights 300-to-1 Onchain Dominance of Dollar Over Euro Stablecoins
According to RockawayX's Ryan Connor, the US dollar outweighs the euro by over 300 to 1 onchain, with euro stablecoins totaling €711 million or under 1% of supply. The analysis attributes this disparity to path dependency and limited euro DeFi infrastructure, while noting emerging shifts via MiCA-compliant issuance.
Why it matters for the market
For broad Layer-1 ecosystems like Kaspa, stablecoin market composition influences cross-border liquidity channels and fiat on-ramps. Greater diversity in non-dollar digital fiat rails could alter global capital distribution without indicating direct protocol changes.
Original source
CoinDesk
Source publication · September 09, 2026 · 1 verified source
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