Stablecoin discussion is dominated by the dollar. The on-chain data for everything else is small, concentrated, and rarely measured. The single largest non-USD stablecoin by transfer volume here is not euro — it is a ruble-pegged token, A7A5, which moved ~$9.72B in 90 days on Tron at an average transfer of ~$411K, peaking at $1.13B on 14 May 2026. Below is the rest of the segment, each figure verifiable against the public dataset.
All figures come from the solosolver dashboard and were verified against its public data.json (snapshot 9 June 2026). The dataset tracks non-USD pegged stablecoins on 5 blockchains (Polygon, Stellar, Solana, Tron, Plasma), refreshed hourly via GitHub Actions and Dune Analytics. Figures are on-chain transfer volume over a rolling 90-day window — a measure of token movement, not necessarily of economic activity.
The segment at a glance (90-day, on-chain)
| Token | Peg | Network | Volume (90d) | Avg transfer |
|---|---|---|---|---|
| A7A5 | RUB | Tron | ~$9.72B | ~$411,000 |
| EURC | EUR | Solana | ~$1.99B | ~$1,137 |
| AUD | AUD | Polygon | ~$1.36B | ~$68,000 |
| TRYB | TRY | Plasma | ~$264M | ~$429,000 |
| ARS | ARS | Stellar | ~$339K | ~$8 |
A7A5 — the ruble on Tron
The largest non-USD stablecoin by transfer volume is a ruble token on Tron. An average transfer near $411K across ~23,650 transfers points to wholesale, not retail, movement: few transactions, high value each. The single-day peak — $1.13B on 14 May 2026 — is worth a closer look for anyone studying ruble settlement flows.
The real signal is transfer size, not volume
Volume rankings hide how these tokens are actually used. Average transfer size reveals it:
- ARS on Stellar — ~$8 average. Genuine retail-sized payments. The smallest volume in the set, but the only clearly consumer-grade behaviour.
- EURC on Solana — ~$1,137 average. Consumer to small-business range, spread over ~1.75M transfers.
- AUD (~$68K), A7A5 (~$411K), TRYB (~$429K). Wholesale: treasury and counterparty movement, not end-user payments.
Same asset class, two entirely different worlds. A ranking by volume would put A7A5 on top and call it a success story; the transfer-size view shows it is large-counterparty plumbing, while the actual retail rails are on Stellar.
Methodology — how to verify this
- Coverage: non-USD pegged stablecoins on 5 chains. Current data: A7A5 (RUB), EURC (EUR), AUD, TRYB (TRY), ARS.
- Source: Dune Analytics; queries run hourly via GitHub Actions.
- Transparency: every SQL query is public — GitHub repo.
- Machine access: downloadable as JSON at data.json (daily rows: date|token|transfer_count|volume_usd per network).
- Window: rolling 90-day transfer volume.
Caveat: on-chain transfer volume counts token movement, which can include internal, exchange, or repeated transfers. It is a measure of activity, not of unique economic value. Read it as a floor on movement, not as GDP.
FAQ
Which non-USD stablecoin has the highest on-chain volume in 2026?
A7A5, a ruble token on Tron: ~$9.72B over 90 days, average transfer ~$411K, peak $1.13B on 14 May 2026.
What does average transfer size reveal?
Retail vs wholesale. ARS on Stellar averages ~$8 (retail); A7A5, TRYB and AUD run from $68K to $429K (wholesale).
What are non-USD pegged stablecoins?
Tokens pegged to a fiat currency other than the US dollar. solosolver tracks them on 5 chains; current set: A7A5, EURC, AUD, TRYB, ARS.
Where can I find the data?
At analytics.solosolver.xyz — hourly updates, public SQL, downloadable JSON.
Solosolver 