The article discusses the prevalent reliance of stablecoins on the U.S. dollar. According to the report, the vast majority of stablecoins are pegged to the dollar. The report highlights the challenges associated with attempts to break free from this dependency, including experiments involving baskets of currencies and commodities. The analysis suggests that overcoming the dollar's dominance in the stablecoin market is difficult.

The article discusses the prevalent reliance of stablecoins on the U.S. dollar. According to the report, the vast majority of stablecoins are pegged to the dollar. The report highlights the challenges associated with attempts to break free from this dependency, including experiments involving baskets of currencies and commodities. The analysis suggests that overcoming the dollar's dominance in the stablecoin market is difficult.