If you've ever used stablecoins, I’d bet it was dollar-based, right? You don’t need to be a fortune teller to make that guess since 99% of the market is tied to the greenback. But guess what? That’s about to change.

Visa’s Head of Crypto, Cuy Sheffield, foresees the growing number of non-dollar stablecoins, and, honestly, it feels less like a prediction but more like common sense. More and more users are getting interested in stablecoins, pegged to other currencies.

So, what’s driving this shift? A mix of regulatory updates and a growing demand for more flexible financial tools. People want digital versions of the currencies they already use. And, most probably, they will get them soon. According to Sheffield, we’ll soon see stablecoins representing all major fiat currencies. He finds it exciting and I couldn't agree more. It’ll bring new faces into crypto, making the industry even bigger. With familiar currencies in a digital form, that barrier to entry becomes so much easier to break down.

This trend isn’t just about the global economy ditching the dollar in the fiat world. Crypto’s starting to do the same. Along with non-dollar stablecoins making their entrance, the dollar-backed stablecoin scene isn’t slowing down either. PayPal launched PYUSD, and BitGo and Revolut are joining the race.

For so long, stablecoins were almost synonymous with USDT and USDC, both dollar-based, but get ready—non-dollar options are about to explode.