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Turkish lira stablecoins show why Europe’s regulated euro tokens may struggle

Zodia Markets, the crypto subsidiary majority-owned by Standard Chartered, processed $3.4 billion in transactions involving Turkish lira stablecoins in 2025, enough to make the lira its second-most-used stablecoin currency behind the dollar, ahead of the euro and every other G10 currency. Dollar-peg

Turkish lira stablecoins show why Europe’s regulated euro tokens may struggle

Zodia Markets, the crypto subsidiary majority-owned by Standard Chartered, processed $3.4 billion in transactions involving Turkish lira stablecoins in 2025, enough to make the lira its second-most-used stablecoin currency behind the dollar, ahead of the euro and every other G10 currency. Dollar-pegged tokens, led by Tether and Circle's USDC, still dwarfed everything at $110.5 billion, but euro-pe

Crypto CryptoSlate Jun 21, 2026

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