Algorithmic stablecoin market share dropped by 10x from ATH: Report

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The current market share of algorithmic stablecoins stands at 1.71%, while its all-time high record in April reached 12.4% of the whole crypto market.

) remain the leaders in the stablecoin market, with USDT accounting for 48.7% of the market share — the highest dominance recorded since October 2021.

The report also highlights the so-called “stablecoin war,” heated up by Coinbase’s decision to introduce a zero-fee trade to swap USDT for USDC in December 2022. Minted by the exchange, USDC currently accounts for less than 1% of the stablecoins trading volume on Coinbase. Earlier in 2022, Binance also introduced its BUSD auto-conversion feature, which automatically converted users’ balances of USDC, USDP and TrueUSD to BUSD on a 1:1 basis.

 

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I think this situation will change soon

PRESIDENT TRUMP IS IN SOUTH CAROLINA!!🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 THE 2024 PRESIDENTIAL CAMPAIGN HAS LAUNCHED!! 🚂🚂🚂🚂 htpps://www.facebook.com/682763715/posts/pfbid037X4nBGbr4T3H2NtN6c39hHX2rVGiijCShYYXWCzBUuM6LksVAPUvuxEe6wcKrkyQl/?mibextid=g

Let’s fud them right before Djed launches on Cardano.

Just planing the comeback?! ameensol

That's why I keep buying BTC on my Ownr wallet

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