Quick Take
Over the past few days, stablecoins lost the peg to $1; the main headline was USDC. USDT was trading at a premium all other stablecoins were trading at a discount to the $1 peg. USDT has now returned back to the $1 peg. USDC, BUSD, and GUSD are now roughly back at $1. While DAI is slightly under $1. USDT dominance increases to 58%, a high that was last seen back in mid 2021.
Stablecoin Price: (Source: Glassnode)
Stablecoin Dominance: (Source: Glassnode)
The post Majority of stablecoins re-store the $1 peg – including USDC whilst USDT dominance hits 58% appeared first on CryptoSlate.
