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Cause Osmosis labs has no stable peg. Only entry to that AMM currently is by buying Atom and shipping it over transferring it on the IBC chain. Even tho it is isolated the marketcap of OSMO is over 1B and it is isolated. Soon you will be able to transact and receive UST via the IBC transfer

They just got Euro stablecoin

Yeah, UST will increase accessibility who really uses that Euro peg other than people already in the ecosystem

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