Today’s on-chain stablecoins live almost entirely in USD (99%) and EUR (1%), yet the global forex market moves over $7 trillion every day—an enormous gap waiting to be filled. This post outlines why we need local fiat stablecoins (CAD, GBP, JPY, CHF, etc.) to unlock faster payments, lower FX risk, and seamless cross-border remittances. It also walks through the tech, regulatory tailwinds, and go-to-market strategies required to launch non-USD stablecoins at scale.