The dominance of the US dollar-pegged stablecoin market has undergone some modifications over the previous 12 months. Whereas most of them are in a downtrend, (USDT) rallied to an all-time excessive, information from CoinGecko present.
Over the previous 12 months, Circle’s (USDC) noticed its market share fall from 34.88% to 23.05% on the time of writing. Binance USD Market Participation (BUSD) plunged from 11.68% to 4.18% over the identical interval, whereas Dai (AID) maintained its participation price at 3.66%, in comparison with 4.05% in Could 2022.
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