Can Non-USD Stablecoins Like the Euro and Yen Compete with USDT and USDC?
For non-USD stablecoins to stand a chance against dominant dollar-based stablecoins like USDT and USDC, the key issue of liquidity must be addressed. Without deep and sustainable liquidity pools, stablecoins pegged to the Euro, Yen, and other currencies will struggle to gain traction, even with potential regulatory support from global jurisdictions.