I think this is basically right--demand for EUR stablecions is low.
There _are_ Europeans who want BTC!
But as long as there are EUR on/off ramps, they're generally fine using USD stablecoins/futures/etc. in the middle.
Demand for "fiat but on blockchain but not USD" is low.
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Replying to @ASvanevik
They’ve existed for years and no one uses them. Stasis and even Tether and Synthetix has one. Despite all that, 97%+ of all the stablecoin supply is still in dollars
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