PANews reported on April 2nd that, according to The Block , a recent report from Visa and Dune shows that the supply of non-USD native currency stablecoins increased to $ 1.1 billion in February this year, roughly three times that of January 2023. During this period, on-chain transfer volume increased from $ 600 million to $ 10 billion, an increase of over 1600% . The report states that these stablecoins are mainly held in user wallets, centralized exchanges, and institutional vaults for cross-border payments, remittances, B2B settlements, and foreign exchange management, rather than being primarily deployed in DeFi to earn yields, as USD stablecoins are. The number of addresses holding non-USD stablecoins has exceeded 1.2 million, with monthly active transfer addresses rising from approximately 6,000 to 135,000 . About half of the supply is in unidentified wallets, and about a quarter is in exchanges. Euro stablecoins account for over 80% of the market capitalization and approximately 85% of the transfer volume of non-USD stablecoins, but still only represent about 0.3% of the global stablecoin market.