In the 320 billion market cap, euros only account for 0.2%, and this data leaves people speechless.

The Bank of Spain warned in its Spring 2026 Financial Stability Report that if stablecoins are widely adopted, they could exacerbate the substitution of domestic currency, expand cross-border financial flows, and amplify cross-border transmission of shocks from U.S. monetary policy and different legal jurisdictions. The global stablecoin market capitalization exceeds $320 billion, with USD stablecoins accounting for 98-99% and euro stablecoins of about 0.2%; stablecoins issued across multiple jurisdictions, such as USDC and USDT, may lead to risks of regulatory fragmentation and coordinated crisis management.