Open Dollar: Dollar stablecoins account for 90% of crypto transactions, 70 times more than similar stablecoins in the European Union

Open Dollar said in a social media post that in 2024, dollar-backed stablecoins will account for 90% of crypto transactions, averaging $270 billion per week, which is 70 times more than similar stablecoins in the European Union. Euro-backed stablecoins are currently at an all-time high, albeit only 1.1% of trading volume.