Dollar stablecoin holds 99% as Qivalis push falls short

cryptonews05-21 02:50

Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share. Summary Non-dollar stablecoins grew from $261 million in 2021 to $771 million by April ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDollar stablecoin holds 99% as Qivalis push falls short\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-21 02:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/dollar-stablecoin-still-holds-99percent-despite-europe/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share.\n\n\nSummary\n\n\n\nNon-dollar stablecoins grew from $261 million in 2021 to $771 million by April ...</p>\n\n<a href=\"https://crypto.news/dollar-stablecoin-still-holds-99percent-despite-europe/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCUP","symbol_name":"T-REX 2x Long CRCL Daily Target ETF","start_time":0,"source_url":"https://crypto.news/dollar-stablecoin-still-holds-99percent-despite-europe/","article_id":"2637276418","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/dollar-stablecoin-still-holds-99percent-despite-europe/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2637276418","pubTimestamp":1779303000,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share.Non-dollar stablecoins grew from $261 million in 2021 to $771 million by April 2026, but their market share has actually declined.Dollar stablecoin issuers benefit from $15.4 billion in tokenized US Treasuries, a reserve advantage non-dollar rivals cannot match.Qivalis, a pan-European banking consortium, tripled its membership to 37 banks in May 2026 but a euro stablecoin launch is not expected until late 2026.The European Central Bank noted in late 2025 that dollar stablecoin tokens account for approximately 99% of total stablecoin supply in circulation. Non-dollar supply has grown sharply over five years but its market share has edged down, not up.S&P Global Ratings has projected that the euro stablecoin market could grow from roughly $895 million today to as much as 1.1 trillion euros by 2030. Reaching that figure would require a combination of institutional adoption, regulatory c","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCUP":"T-REX 2x Long CRCL Daily Target ETF","ICRC":"Bitwise CRCL Option Income Strategy ETF","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861217088.USD":"贝莱德金融科技A2","CRCG":"2倍做多CRCL ETF-Leverage Shares","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","CRCA":"Proshares Ultra CRCL","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4023":"应用软件","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","EPV":"ProShares UltraShort MSCI Europe","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","CRCL":"Circle Internet Corp.","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD"},"translate_title":"由于Qivalis推动失败，美元稳定币持有99%","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/4218e3dd12f29de208c22ca663bbd2db","symbols_score_info":{"CRCA":0.6,"EPV":0.7,"CRCD":0.6,"CCUP":0.6,"CRCO":0.6,"CRCL":1.72,"ICRC":0.6,"CRCG":0.6},"content_text":"Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share.\n\n\nSummary\n\n\n\nNon-dollar stablecoins grew from $261 million in 2021 to $771 million by April 2026, but their market share has actually declined.\nDollar stablecoin issuers benefit from $15.4 billion in tokenized US Treasuries, a reserve advantage non-dollar rivals cannot match.\nQivalis, a pan-European banking consortium, tripled its membership to 37 banks in May 2026 but a euro stablecoin launch is not expected until late 2026.\n\n\n\nThe European Central Bank noted in late 2025 that dollar stablecoin tokens account for approximately 99% of total stablecoin supply in circulation. Non-dollar supply has grown sharply over five years but its market share has edged down, not up. \nThe combined supply of euro, Canadian dollar, yen, Singapore dollar and other non-USD stablecoins reached $771 million in April 2026, up from $261 million in May 2021, yet their share of the total market sits at just 0.24%.\nThe gap reflects a structural problem, not a regulatory one. Dollar stablecoin issuers can plug into US Treasury markets as a reserve base, with tokenized US government debt standing at roughly $15.4 billion on-chain. Tokenized non-US government bonds total just $1.4 billion. \nThat yield and liquidity advantage allows dollar issuers to fund distribution and partnerships that non-dollar rivals cannot afford to match.\nWhy the European push is not closing the gap\n“This infrastructure is essential if Europe is to compete in the global digital economy whilst preserving its strategic autonomy,” said Howard Davies, chairman of Qivalis’ supervisory board. \nQivalis, a pan-European banking consortium, expanded to 37 banks across 15 countries in May 2026, more than tripling its membership. Its euro stablecoin is not expected to launch until the second half of 2026.\nA separate group of twelve European banks selected Fireblocks for a competing MiCA-compliant euro stablecoin earlier this year. Nine banks including UniCredit and ING are also targeting a second-half 2026 debut. Multiple regulated euro stablecoin projects are in motion, but none has yet reached meaningful scale or liquidity.\nWhat it would take to shift the balance\nThe primary obstacle is not regulation. Most fiat currencies lack international liquidity in the first place, meaning only a handful can realistically support a global stablecoin. \nThe dollar, euro, yen, sterling and Swiss franc are among the few with deep enough foreign exchange markets to support cross-border crypto use.\nS&P Global Ratings has projected that the euro stablecoin market could grow from roughly $895 million today to as much as 1.1 trillion euros by 2030. Reaching that figure would require a combination of institutional adoption, regulatory clarity, and the kind of deep liquidity infrastructure that took dollar stablecoins years to build.\n\n\n\n\n\n                Read more:\n            \n\n                Will WhiteBIT Coin rebound as price tests key S/R zone after UK platform launch?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2637276418","isCrawlerRequest":true}