Quick Take
USDT dominance exceeds 60% for the first time since June 2021. The other top four stablecoins have all seen dominance decline. USDT circulating supply has eclipsed $75 billion. Looking from a fundamentals perspective; Active addresses, transfer counts, transfer volume are all declining at rapid rates.Dominance
USDT: 61%
USDC: 28%
BUSD: 6%
DAI: 4%
Stablecoin Dominance: (Source: Glassnode)
Active Addresses: (Source: Glassnode)
Transaction Count: (Source: Glassnode)
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