---
title: "Non-dollar stablecoins are struggling to crack 0.5% of market share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287079515.md"
description: "Non-dollar stablecoins have increased in supply to $771 million since 2021, yet their market share has decreased to 0.24%. Dollar-pegged stablecoins dominate due to access to U.S. Treasury markets, with $15.4 billion in tokenized U.S. government debt, while most national currencies lack the liquidity to support global stablecoins."
datetime: "2026-05-20T14:00:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287079515.md)
  - [en](https://longbridge.com/en/news/287079515.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287079515.md)
---

# Non-dollar stablecoins are struggling to crack 0.5% of market share

-   Non-dollar stablecoins have grown in supply to about $771 million since 2021, but their share of the stablecoin market has edged down to just 0.24%.
-   Dollar-pegged stablecoins benefit from access to deep, liquid U.S. Treasury markets, with about $15.4 billion in tokenized U.S. government debt far outstripping non-U.S. tokenized government bonds.
-   Because most national currencies lack meaningful international liquidity, only a handful can plausibly support global stablecoins, leaving dollar-based tokens overwhelmingly dominant.

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