USDT dominance exceeds 60% – fundamentals for stablecoins declining at fast charges

Fast Take

• USDT dominance exceeds 60% for the primary time since June 2021.
• The opposite prime 4 stablecoins have all seen dominance decline.
• USDT circulating provide has eclipsed $75 billion.
• Trying from a fundamentals perspective; Lively addresses, switch counts, switch quantity are all declining at fast charges.

Dominance

USDT: 61%

USDC: 28%

BUSD: 6%

DAI: 4%

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