That's sometimg interesting from @Delphi_Digital's latest report on stables.
Basically, the chart below shows that USDT and USDC are still huge, but their dominance isn’t absolute anymore.
The market has become commoditized enough for other stablecoins to quietly gain market share.
What's driving this shift:
• Chains and apps have realized they can issue their own stablecoins.
• Capturing the yield on reserves locally is appealing.
• Distribution is more important than the brand on the token.
• Leverage has shifted from issuers to those routing the flow.
Do you think we'll revert back to the dominance of USDC/USDT after the events of this week?
5.28K
96
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.