Non-dollar stablecoin supply reached $1.2 billion in March 2026, according to a Dune report commissioned by Visa. Dune data shows monthly transfer volume hit $10 billion and unique holders rose to 1.2 million from 40,000 in January 2023. EURC accounted for more than 90% of non-USD transfer volume after EU stablecoin rules took effect, while local-currency rails expanded in Japan, Singapore, Brazil, and Canada.