Definition
This chart shows the relative dominance of the top four stablecoins USDT 
, USDC 
, BUSD 
and DAI 
.
The dominance of USDT for example is calculated asĀ USDT Dominance = USDT Supply / sum(USDT, USDC, BUSD, DAI)
Quick Take
- USDT dominance breaks 52%, the highest dominance since May 2022, just before the Terra Luna collapse.
- Binance processed $1 billion in withdrawals amid regulatory scrutiny on BUSD has benefited USDT in the process.
- BUSD dominance is currently 12%, down from 17% dominance back in November 2022.
- USDC is heading towards 30% dominance.
The post USDT dominance breaks 52%, highest since May 2022 appeared first on CryptoSlate.
