Visa and Dune Publish Major Research Report: Local Currency Stablecoins Are Reshaping Global Payments

Visa and Dune released the research report, "Beyond Dollarization," analyzing the rise of local currency stablecoins across payments, FX, and DeFi. Key findings indicate that non-USD stablecoin supply grew 3x from January 2023 to February 2026, reaching $1.1 billion, outpacing USD stablecoin growth. Holder addresses expanded 30x, and monthly transfer volume surged 16x to $10 billion, showing active deployment as settlement instruments, primarily for payments. Regulatory clarity, such as MiCA for Euro stablecoins, is accelerating adoption. Visa is enabling this shift by bridging blockchain settlement with existing rails through infrastructure support, real-time payouts via Visa Direct, card integration, and the Visa Tokenized Asset Platform (VTAP). Case studies highlight EURC, BRLA, and XSGD as leading examples of local currency stablecoins gaining traction.

(Source：BeInCrypto)