Wirex settles ~$69M a month of euro card payments through stablecoins, and the people tapping those cards have no idea. That's pretty much how non-USD stablecoins are growing. Nobody wakes up wanting to hold digital euros, yen or reais in a wallet. But an exchange, a neobank or a card app can quietly swap out the rail underneath, and the user never has to care that a stablecoin is involved. Which is also why they're easy to miss if you only look at supply. 99.5% of stablecoins are still tied to the U.S. dollar. Out of roughly $302B total, only ~$1.5B is non-USD, and that's every other currency combined: • Euro: close to $1B • Yen: ~$232M • Brazilian real: ~$217M • Everything else: still pretty tiny So it's USD first, euro a distant second, then a handful of currencies experimenting. The euro is furthest along, and you can see the pattern in where its supply sits: A French neobank product has ~$99M of EURCV in a Morpho vault, more than half the coin's $173M supply. Customers earn yield without really touching the stablecoin. Kraken-linked wallets hold roughly 18% of circulating EURC, so a big chunk lives inside exchange plumbing instead of personal wallets. Asia's coming at it from a different angle. Stablecoins there are showing up more in cross-border payments, remittances and settlement, where moving money between currencies is already a pain. The dollar still owns this market, and that's not changing anytime soon. But I think the currencies after the euro will grow the same way the euro did, inside apps people already use. The supply charts will be the last place you notice it.