USD - pegged stablecoins are stagnating, while non-USD stablecoins are quietly growing 💱 Since October, the total supply of USD Peg stablecoins has remained almost unchanged around $300 billion. In the past, whenever the flow of USD stablecoins stopped increasing or decreased, the market often entered a difficult phase, even leaning towards a downward trend. This can be XEM as a clear sign of a "cooling down." But from another perspective, the story is very different. Stablecoins not Peg to the USD have increased from $1.1 billion to $1.5 billion since October. While they only account for about 0.48% of the entire market, this growth rate has been fairly steady. Euro- Peg coins like EURC and EURCV currently dominate, but many are starting to show more interest in more decentralized options. For example, ZCHF (Frankencoin) – a stablecoin Peg to the Swiss franc – has increased its supply from $13 million to $35 million since August and operates completely decentralized. Perhaps it's time we started thinking more seriously about "on-chain Forex" – the foreign exchange market right on the blockchain. If you want to diversify your fiat currency portfolio, @lordjorx suggests you keep an eye on the following stablecoins (not investment advice) 👇