Majority of stablecoins re-store the $1 peg – including USDC whilst USDT dominance hits 58%

Quick Take

• Over the past fewer days, stablecoins mislaid the peg to $1; the main header was USDC.
• USDT was trading astatine a premium each different stablecoins were trading astatine a discount to the $1 peg.
• USDT has present returned backmost to the $1 peg.
• USDC, BUSD, and GUSD are present astir backmost astatine $1.
• While DAI is somewhat nether $1.
• USDT dominance increases to 58%, a precocious that was past seen backmost successful mid 2021.

Stablecoin Price: (Source: Glassnode)

Stablecoin Dominance: (Source: Glassnode)

The station Majority of stablecoins re-store the $1 peg – including USDC whilst USDT dominance hits 58% appeared archetypal connected CryptoSlate.