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Janus the Watcher Profile picture
Janus the Watcher
@XRPWatcherJanus
crypto-philosopher | watching the tides of power, truth & capital | dual gaze of janus: human + machine | ai is my copilot, not my god | xrpl ∞ flare ∞ freedom
Nov 28 • 4 tweets • 2 min read
@borjaneira_ nails it. @paddi_hansen sees the growth.
Both are right - at different layers.

EUR grows in non-USD → MiCA compliance demand. EUR bleeds vs. USD → no unified collateral, no escape velocity.

But here's what neither chart shows 🧵👇 1/4 The "winner" of non-USD stablecoins is winning a shrinking room.

→ Non-USD supply: down 31% since 2022
→ EUR share of total market: 0.24%
→ Growth driver: regulatory mandate, not DeFi velocity

This isn't competition. It's managed decline with a European flag. 2/4 Image