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cryptoJun 25, 2026, 8:50 AM

Lira Stablecoins Overtake Euro Stablecoins in On-Chain Volume

On-chain transfers of Turkish lira-pegged stablecoins hit $3.4 billion in 2025, surpassing euro-denominated stablecoins. The gap between USD and euro stablecoins is 200-fold and widening.

According to data from Zodia Markets, a subsidiary of Standard Chartered, on-chain transfers of Turkish lira stablecoins reached $3.4 billion in 2025. This makes the Turkish lira the second most popular fiat currency for stablecoins after the US dollar.

Euro-denominated stablecoins lag dramatically behind, with a 200-fold gap compared to dollar stablecoins. The gap is not narrowing but continuing to grow.

The post analyzes why the EU has lost the blockchain race, but the data clearly shows the dominance of USD-pegged stablecoins and the rising use of lira stablecoins.

Source: ForkLog