USDT market share jumps amid economic uncertainty, USDC shrinks By Cointelegraph
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, (USDT) has climbed back to its all-time high, data from CoinGecko shows.
In the past 12 months, Circle’s (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, (USDT) has climbed back to its all-time high, data from CoinGecko shows.
In the past 12 months, Circle’s (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.
Continue Reading on Coin Telegraph
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