Where Data Tells the Story
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The Stablecoin Race Has a Clear Leader
Not all stablecoins are created equal.
And not all currencies dominate digital liquidity.
Here’s how the market cap race stands (Sep 2025):
USD-backed stablecoins – $278,373 Mn
Euro-backed stablecoins – $444 Mn
Singapore Dollar – $16 Mn
Pound Sterling – $0.06 Mn
The gap isn’t small. It’s overwhelming.
The U.S. dollar isn’t just the world’s reserve currency.
It’s also the undisputed reserve currency of crypto.
Why?
Deep U.S. Treasury markets (collateral backbone)
Global dollar invoicing in trade
Institutional trust & liquidity
Network effects across exchanges & DeFi
Even in decentralized finance, dominance follows liquidity.
The bigger macro takeaway:
Stablecoins are quietly becoming the digital rails for global payments.
And today, those rails are overwhelmingly dollarized.
The real question:
Will we see serious competition from Euro or Asia-backed stablecoins?
Or will digital finance further cement dollar supremacy?
Because if stablecoins scale into mainstream payments, this isn’t just crypto.
It’s monetary geopolitics.
#Stablecoins
#DigitalDollar
#CryptoEconomy
#GlobalFinance
#FintechTrends