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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%.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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.
