Almost 90% of all transactions on crypto exchanges are made using dollar stablecoins and only 10% are made using the dollar itself.

At the same time, the situation with the euro is the opposite: only 1.1% of transactions are in stablecoins pegged to the euro exchange rate, and all the rest are transactions with the euro as a regular fiat currency.

However, weekly trading volumes in dollars are approximately 70 times higher than in euros.