Stablecoin Dominance 8 Jul 2022: USDT 44.15%, USDC 37.29%, BUSD 11.95%, DAI 4.3%

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https://preview.redd.it/8rv0apnt76a91.png?width=2654&format=png&auto=webp&s=4c47237e5aaa33b2c0055d285097933db5730afb

Stablecoins continue to be a key asset for crypto investors to weather through the down market. USDT lost its dominance slightly as more of it gets redeemed for USD and removed from the market. USDC is continue to pick up steam.

https://preview.redd.it/tvv0grw186a91.png?width=2694&format=png&auto=webp&s=f992d144f8933a0fcd5d91bc5be7f86ea8a3b376

USDT market cap see a reduction in the last few weeks as more redemption kicks in. USDC continue to increase its supply, as well as beginning to introduce euro based stablecoins, EUROC.

submitted by /u/coingecko
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