The euro stablecoin market doubled in a year. Nobody noticed, because even after doubling, the whole thing is worth ~$700M. The dollar stablecoin market is ~$312 billion. The euro is 0.3% of it.
That's the entire "rise of the non-dollar stablecoin" in one number.
So I pulled every non-USD stablecoin above $1M from @artemis and grouped them by the currency they track. The picture is even more lopsided than the headline.
๐ง๐ต๐ฒ ๐ด๐ฒ% ๐ป๐ผ๐ฏ๐ผ๐ฑ๐ ๐๐ฎ๐น๐ธ๐ ๐ฎ๐ฏ๐ผ๐๐
The entire non-dollar stablecoin market is $818M across 16 tokens and 7 currencies. The euro alone is $700M of it, 86%.
Seven euro tokens, led by EURC ($440M), EURS ($150M) and EURCV ($96M).
And the euro didn't win on product. It won on regulation. MiCA delisted USDT across EU exchanges, and EURC walked into the vacuum, climbing from 17% to ~42% of the euro stablecoin market in 12 months.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ผ๐๐ต๐ฒ๐ฟ ๐ญ๐ฐ% ๐น๐ถ๐๐ฒ๐
โ Brazilian real: $82M (10%). The only real organic growth story, BBRL up +109% in 30 days.
โ Singapore dollar: $14M
โ Indonesian rupiah: $7M
โ Turkish lira: $7M
โ Japanese yen: $6M
โ Swiss franc: $1.4M
Every currency outside the euro and the real is under $14M. Stack the entire long tail together and it still doesn't equal a single decent funding round.
๐ช๐ต๐ฎ๐ ๐๐ต๐ถ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐บ๐ฒ๐ฎ๐ป๐
"De-dollarization through stablecoins" is, today, mostly the dollar wearing a euro costume. For anyone settling outside USD or EUR, the deep, liquid, native rail simply doesn't exist yet.
That's not a problem to admire. It's a gap to fill.
The next generation of payment infrastructure isn't issuing the 50th euro coin. It's building the rails that let a business get paid and pay out in its own currency, without routing through a dollar it never wanted to touch.
PS: I'm the founder of @Subyhq. I write about payments & stablecoins, every day.
Claude Fable 5 is here!
Available now in ORGN Gateway and natively in ORGN CDE.
Please note: this is the only model we offer that isn't ZDR. Every other model is. The choice is yours.
Happy coding!
Honestly @Rabby_io, this is disgusting
Before I even set up my wallet, you are sending my data to
- your matomo instance
- and just in case track me on Google Analytics
- and to be really sure dump my data into Sentry
I hereby kindly inform you that this is a breach of your Privacy Policy (yes, the one that you last looked at 5 years ago) and a gross violation of GDPR Articles 13 and 46.
Please stop tracking me at your earliest convenience. Thank you.
@lmrankhan The moment is built and thought that way from the ground up, visually nothing else changes and has nothing else less than using it normally. It just becomes an extra function that nice to have and doesn't hold anyone back no? https://t.co/4ox6nvnJCc
Most AI dev tools are a black box with a privacy policy.
Here's what's inside Origin:
โข Agentic coding on confidential computing hardware.
โข 100+ zero retention and TEE AI models
โข Cryptographic proofs for TEE AI Models
Built for teams whose security leads have said no to every other tool. Fintech, healthcare, defense, legal.
Now in Alpha.
Walkthrough โ
Lots of chatter about Farza's Clicky launch video internally with Alliance founders. And just how well it performed, but the more important q that came up is how can other founders learn from it?
What makes a great product launch video? It's not the editing, production quality or even how much money you throw at it. The best launch videos clearly state a unique product that solves a real hair on fire problem and delivers an immediate "aha" moment where people instantly understand the value.
I really liked Farza's Clicky launch because it was doing multiple things at once. The music, the storytelling felt authentic, and the demos progressively got harder, building confidence that the product actually worked. It also introduced a new modality for interacting with a computer + AI, which made the "aha" even better.
If you're struggling with your launch, ask yourself is the product unique not a another copy/paste idea, does it solve a real problem, can people understand it immediately, and can you talk about it authentically? If the answer is yes, then launch and dont over think on video quality.
And you likely won't have to spend a ton of money or time on content either. A great product and a good story teller will sell itself.
Suby v3 soon.
Your customer taps Apple Pay or pays by card. You get USDC. Your customer pays in BTC. You receive fiat.
Cards, Apple Pay, Google Pay, stablecoins, crypto and more in. Bank or stablecoins out.
Auto-swap does everything in between.
New app, fully rebuilt.
The gap between cash and crypto just disappeared.