[Visa Report: Euro Stablecoins Dominate Non-USD Markets] According to a report commissioned by Visa, euro-denominated stablecoins account for over 80% of the non-USD stablecoin market. Dune indicates that the total supply in this market has grown to approximately $1.2 billion. The report highlights the increasing use of euro stablecoins in payment infrastructure, with Visa and Mastercard respectively expanding settlement support for EURC within parts of their networks. Dune states that the current monthly transaction volume in the non-USD stablecoin market is around $10 billion, reflecting a sharp increase in usage over the past three years. Even so, euro stablecoins still represent only a small portion of the broader stablecoin sector, which currently has a total market size of approximately $300 billion to $316 billion. According to DefiLlama data, the euro still accounts for about 20% of global foreign exchange reserves.