USDT dominance exceeds 60% – fundamentals for stablecoins declining at rapid rates

Quick Take

• USDT dominance exceeds 60% for the archetypal clip since June 2021.
• The different apical 4 stablecoins person each seen dominance decline.
• USDT circulating proviso has eclipsed $75 billion.
• Looking from a fundamentals perspective; Active addresses, transportation counts, transportation measurement are each declining astatine accelerated rates.

Dominance

USDT: 61%

USDC: 28%

BUSD: 6%

DAI: 4%

Stablecoin Dominance: (Source: Glassnode)

Active Addresses: (Source: Glassnode)

Transaction Count: (Source: Glassnode)

The station USDT dominance exceeds 60% – fundamentals for stablecoins declining astatine accelerated rates appeared archetypal connected CryptoSlate.