Had a conversation with @tomwhitty42 , Director of Product at @gauntlet_xyz , about where non-USD stablecoins are finding traction.
Payments, credit, and RWAs — not speculation.
Euro and Mexican-peso denominated assets are already live, with more LATAM currencies expected to follow.
FX risk disappears when a stablecoin matches the currency of its collateral. That's what's making new credit products viable.
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