Open Dollar: The US dollar stablecoin accounts for 90% of cryptocurrency transactions, which is 70 times that of similar stablecoins in the European Union
Open Dollar posted on social media stating that by 2024, dollar-backed stablecoins will account for 90% of cryptocurrency transactions, averaging $270 billion per week, which is 70 times the size of similar stablecoins in the European Union. Euro-backed stablecoins are currently at their historical peak, even though they only account for 1.1% of transaction volume.
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