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:
๐ช๐บ EURC by
@circle - $60M
๐ฌ๐ง tGBP by
@tokenGBP - $7.3M
๐จ๐ญ VCHF by
@VNX_Global - $684K
๐ช๐บ EURAU by
@AllUnityStable - $117.6K
๐น๐ท TRYB by
@BiLira_Kripto - $1.1K
Europeโs growing stablecoin activity on Base is an early signal.