USDT market share jumps amid financial uncertainty, however USDC shrinks

The market dominance of stablecoins pegged to the USA greenback has undergone some adjustments over the previous 12 months. Whereas most of them are in a downward development, (USDT) has climbed again to its all-time excessive, information from CoinGecko exhibits.

Prior to now 12 months, Circle’s (USDC) has seen its market share decline from 34.88% to 23.05% on the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the identical interval, whereas Dai’s (DAI) share of the crypto market was at 3.66%, down from 4.05% in Might 2022.

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