DOLLAR STABLES ARE BLEEDING VALUE; IT'S TIME TO DIVERSIFY

Summary from the TLDR Crypto newsletter

On-chain charts show nearly all stablecoin supply is USD-denominated, so non-US holders have lost roughly 10% purchasing power as the dollar fell versus the euro since January 2025. Crypto users can hedge by diversifying into non-USD stables like EURC (~€393M circulation, MiCA-compliant, yields ~2.6% on Aave/ETH and ~2.9% on Fluid/Base), EURcv (Societe Generale-FORGE, institutional focus), and VCHF (onchain Swiss franc under Liechtenstein rules).