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

quick take

• USDT Dominance has crossed 60% for the first time since June 2021.
• All the other top four stablecoins are losing dominance.
• Circulating supply of USDT exceeded $75 billion.
• From a fundamentals perspective, active addresses, transfer counts and transfer volumes are all declining rapidly.

superiority

USDT: 61%

USDC: 28%

USD: 6%

Die: 4%

Post-USDT dominance is over 60% – The rapid decline in stablecoin fundamentals is first manifested on CryptoSlate.