[The supply of non-USD stablecoins has grown to approximately $771 million, with market share dropping to 0.24%] According to CoinDesk, although the supply of non-USD stablecoins has increased from $261 million in May 2021 to approximately $771 million in April 2026, their market share has dropped from 0.26% to 0.24%. USD stablecoins still dominate 99.76% of the market share. While the dominance of the US dollar in traditional finance is slowly weakening, the opposite is true on-chain. USD stablecoins are not only backed by the world's leading currency but are increasingly supported by the world's deepest pool of short-term government debt. Additionally, the tokenized U.S. Treasury market has reached $15.4 billion, whereas non-U.S. tokenized government bonds amount to only $1.4 billion, a difference of approximately 11 times. USD stablecoin issuers have access to deep, highly liquid, yield-generating collateral foundations, whereas non-USD issuers lack equivalent reserve infrastructure.