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


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.

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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