Even though the supply of non-USD stablecoins like the Euro, Canadian Dollar, Japanese Yen, and Singapore Dollar has grown from about $261 million in 2021 to approximately $771 million in April 2026, their market share has actually dropped from 0.26% to 0.24%. USD stablecoins still dominate roughly 99.76% of the stablecoin market. Reports suggest that the dominance of USD stablecoins comes not only from the strength of the US Dollar itself but also from the highly liquid reserve asset pool of US short-term Treasury bonds. Currently, the on-chain tokenized US Treasury market is around $15.4 billion, while the tokenized non-US government bond market is only about $1.4 billion. (CoinDesk) https://(wublock123.com)/news/non-us-stablecoin-supply-up-nearly-3x-market-share-falls-0-24-61378