📍The undercurrent of non-USD stablecoin



📌 In the first half of 2025, there are up to 23 stablecoins not pegged to USD recording over 20,000 transactions per week, peaking at more than 60,000 transactions. This number is still small compared to USDT and USDC, but it is sufficient to indicate that a new flow is forming.

📌 Latin America is the leading region, accounting for 55% of the total non-USD stablecoin volume globally, surpassing both Southeast Asia and Africa combined. In this context, Brazil is the main driver, transforming local currency stablecoins into more practical tools for payment and remittances rather than speculation. Brazil is one of the 4 founding countries of BRIC; if Russia and China also follow this trend, the emergence of new non-USD stablecoins ( will not stop at 60,000 transactions per day.

📌 Polygon has become the focal point of this trend, accounting for ~70% of non-USD stablecoin activity, with over 4,000 active wallets each week.
NEO-0.89%
USDC-0.01%
CHO2.19%
NAM-1.28%
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