Local stablecoins represent a major opportunity in onchain finance.
They enable faster and cheaper payments that can pass yield directly to end users while allowing merchants to settle natively. They also eliminate FX friction by enabling direct currency pairs and serving as the essential quote pair for tokenized local assets.
Market cap by asset on
@base, YTD:
🇪🇺 EURC by
@circle - $60M
🇬🇧 tGBP by
@tokenGBP - $7.3M
🇨🇭 VCHF by
@VNX_Global - $684K
🇪🇺 EURAU by
@AllUnityStable - $117.6K
🇹🇷 TRYB by
@BiLira_Kripto - $1.1K
Europe’s growing stablecoin activity on Base is an early signal.