Core Insights - The cryptocurrency sector currently lacks stablecoins pegged to currencies other than the US dollar, according to Pollak, founder of Layer 2 Base incubated by Coinbase [1] - Pollak highlighted that while the US dollar accounts for approximately 60% of global foreign exchange reserves, many significant currencies like the euro, yen, and even the Nigerian naira are absent in the crypto economy, where 99% of stablecoins are dollar-denominated [1] - Base has launched 12 stablecoins linked to local currencies, including the Indonesian rupiah, Turkish lira, New Zealand dollar, and Brazilian real, along with two additional stablecoins pegged to the Singapore dollar and Australian dollar [1]