Western Europe has emerged as a significant player in the global cryptocurrency landscape, with stablecoins leading the charge in adoption. According to Chainalysis, Central, Northern, and Western Europe (CNWE) received $987.25 billion in on-chain value between July 2023 and June 2024, representing 21.7% of the global crypto transaction volume. The region's merchant service market is second only to Central & South Asia and Oceania, with stablecoins making up 60-80% of the market share each quarter.

Source: https://Blockchain.News/news/stablecoins-lead-crypto-adoption-western-europe-2024