The relative supply dominance of #USDT continues to ascend, residing at a current value of 67.6%, the largest relative dominance since May 2021.
🟢 USDT Dominance: 67.6%
🔵 USDC Dominance: 23%
🟡 BUSD Dominance: 3.8%
🔴 DAI Dominance: 3.8%
⚫ TUSD Dominance: 1.7%
As the cryptocurrency market is maturing, more investors are looking for stable assets with exposure to the U.S Dollar, however, the increasing concentration of supply could also pose some risks, if they were to lose their peg as we've seen with the TerraUSD (UST) in the past.