Weekly FX volume on pairs excluding EUR<>USD hit an all-time high on Base. About 50% of stablecoin swaps on Base are driven by FX pairs. For comparison, only 1% of stablecoin swap volume on Ethereum is related to FX pairs; USD-USD drives the entirety. CADC by @Paytrie has experienced a revival, with over $6 million in weekly CAD-USD spot volume. Other peg currencies, such as GBP and CHF, are also seeing an increase in trading volume. @VNX_Platform-backed stablecoins drive the major stablecoins associated with these currencies (VGBP and VCHF).
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