nonUSD stablecoins are only $1.2B which is 0.5% of total supply.

Sounds irrelevant until you look that there are 59 local currency tokens across six continents. That's 30% of all active stablecoins.

The supply is tiny. The infrastructure is not.

These aren't competing with US stablecoins for DeFi volume. They're targeting remittance corridors, local payment rails, onchain capital markets in their own economies.

This looks a lot like early internet localization where English dominated for years. Then local language infra got built and adoption exploded in non-English markets almost overnight.

nonUSD stablecoins will follow the same arc.