Majority of stablecoins re-store peg as USDT dominance hits 58% Insights Stablecoins
Majority of stablecoins re-store peg as USDT dominance hits 58%
Stablecoins on the majority return back to the $1 peg, while USDT continues to increase stablecoin dominance at 58%.
Quick Take
- Over the past few days, stablecoins lost the peg to $1; the main headline was USDC.
- USDT was trading at a premium all other stablecoins were trading at a discount to the $1 peg.
- USDT has now returned back to the $1 peg.
- USDC, BUSD, and GUSD are now roughly back at $1.
- While DAI is slightly under $1.
- USDT dominance increases to 58%, a high that was last seen back in mid 2021.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
