{"id":282005,"date":"2022-12-18T01:15:26","date_gmt":"2022-12-18T01:15:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=282005"},"modified":"2026-10-29T06:52:37","modified_gmt":"2026-10-29T06:52:37","slug":"analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/","title":{"rendered":"Analysis of on-chain stablecoin data reveals decline in USDT dominance"},"content":{"rendered":"<p>In 2019, <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">Tether<\/a> (USDT) had a global <a href=\"https:\/\/cryptoslate.com\/cryptos\/stablecoin\/\">stablecoin dominance<\/a> of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode &#8212; analyzed by <em>CryptoSlate.<\/em><\/p>\n<p>Throughout 2020 and 2021, other stablecoins like USD Coin (USDC) and Binance USD (BUSD) began to rise, with USDC reaching 33% dominance and BUSD reaching 16% dominance. DAI, on the other hand, remained constant.<\/p>\n<figure id=\"attachment_282007\" aria-describedby=\"caption-attachment-282007\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282007 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review.png\" alt=\"Stablecoins: Supply Dominance (Relative)\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-review-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282007\" class=\"wp-caption-text\">Stablecoins: Supply Dominance (Relative) \/ Source: Glassnode.com<\/figcaption><\/figure>\n<h2>Recovery on the horizon<\/h2>\n<p>In May, USDT saw $20 billion in redemptions but has since begun to recover. The growth of stablecoins slowed, with a peak of $24 billion daily inflows. Outflows also increased but peaked at only $8 billion, indicating that most of the capital remains stablecoins.<\/p>\n<p>USDT remains the only stablecoin to have made higher highs in daily transactions and still see strong demand.<\/p>\n<figure id=\"attachment_282014\" aria-describedby=\"caption-attachment-282014\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282014 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2.png\" alt=\"Stablecoins: Aggregate Supply Net Position Change\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-2-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282014\" class=\"wp-caption-text\">Stablecoins: Aggregate Supply Net Position Change \/ Source: Glassnode.com<\/figcaption><\/figure>\n<h2>Total stablecoins on exchanges<\/h2>\n<p>There is approximately $40 billion worth of stablecoins on exchanges, with a total of $4 billion being redeemed this week alone. This indicates that investors still believe in stablecoins and are likely waiting for the next bull run or dip.<\/p>\n<figure id=\"attachment_282018\" aria-describedby=\"caption-attachment-282018\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282018 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3.png\" alt=\"All Stablecoins: Balance on Exchanges\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/stables-3-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282018\" class=\"wp-caption-text\">All Stablecoins: Balance on Exchanges \/ Source: Glassnode.com<\/figcaption><\/figure>\n<p>By analyzing the STBL virtual asset Glassnode data &#8211; which aggregates data from all ERC20 stablecoins &#8211; we can see the growth of stablecoins was significant up until March, reaching a peak of $24 billion in daily redemptions.<\/p>\n<h2>Risk-on to Risk-off<\/h2>\n<p>This year's risk-off environment has shifted from inflows to outflows for stablecoins, though the outflows have been relatively small, reaching a maximum of $8 billion. Despite this, the majority of capital remains in stablecoins.<\/p>\n<figure id=\"attachment_282015\" aria-describedby=\"caption-attachment-282015\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-282015 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt.png\" alt=\"Stablecoins: Transaction Count\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/usdt-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-282015\" class=\"wp-caption-text\">Stablecoins: Transaction Count \/ Source: Glassnode.com<\/figcaption><\/figure>\n<p>USDC saw a 10% rise over the same period and has since increased to 33%. It peaked in June with 38%, leading to speculation about a potential flip of USDT.<\/p>\n<p>On the other hand, BUSD did not gain significant traction until the second half of the year, with a dominance of 10%. It has since grown to 16% dominance and has been gaining momentum, particularly since the collapse of FTX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2019, Tether (USDT) had a global stablecoin dominance of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode &#8212; analyzed by CryptoSlate. Throughout 2020 and 2021, other stablecoins like USD Coin (USDC) and Binance USD (BUSD) began to rise, with USDC reaching 33% dominance and BUSD [&hellip;]<\/p>\n","protected":false},"author":1398,"featured_media":273936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77921,32631,76736],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysis of on-chain stablecoin data reveals decline in USDT dominance<\/title>\n<meta name=\"description\" content=\"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysis of on-chain stablecoin data reveals decline in USDT dominance\" \/>\n<meta property=\"og:description\" content=\"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-18T01:15:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-29T06:52:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/stablecoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Josh O&#039;Sullivan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Josh O'Sullivan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/josh-osullivan\/#person\",\"name\":\"Josh O'Sullivan\",\"url\":\"https:\/\/cryptoslate.com\/author\/josh-osullivan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/josh-osullivan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/josh-osullivan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-300x300.jpg\",\"caption\":\"Josh O'Sullivan\"},\"jobTitle\":\"Editor\/Reporter\",\"description\":\"Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and de...\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/joshosullivan01\",\"https:\/\/www.linkedin.com\/in\/josh-o-sullivan-a268b7248\"]},\"headline\":\"Analysis of on-chain stablecoin data reveals decline in USDT dominance\",\"datePublished\":\"2022-12-18T01:15:26+00:00\",\"dateModified\":\"2026-10-29T06:52:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\"},\"wordCount\":370,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Research\",\"Stablecoins\",\"Tokenization\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\",\"url\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\",\"name\":\"Analysis of on-chain stablecoin data reveals decline in USDT dominance\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2022-12-18T01:15:26+00:00\",\"dateModified\":\"2026-10-29T06:52:37+00:00\",\"description\":\"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analysis of on-chain stablecoin data reveals decline in USDT dominance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/a8595939e64fefbd57e709a8eb9d2851\",\"name\":\"Josh O'Sullivan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-150x150.jpg\",\"caption\":\"Josh O'Sullivan\"},\"description\":\"Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance.\",\"url\":\"https:\/\/cryptoslate.com\/author\/josh-osullivan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Analysis of on-chain stablecoin data reveals decline in USDT dominance","description":"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/","og_locale":"en_US","og_type":"article","og_title":"Analysis of on-chain stablecoin data reveals decline in USDT dominance","og_description":"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.","og_url":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/","og_site_name":"CryptoSlate","article_published_time":"2022-12-18T01:15:26+00:00","article_modified_time":"2026-10-29T06:52:37+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/stablecoin-1.jpg","type":"image\/jpeg"}],"author":"Josh O'Sullivan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Josh O'Sullivan","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/josh-osullivan\/#person","name":"Josh O'Sullivan","url":"https:\/\/cryptoslate.com\/author\/josh-osullivan\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/josh-osullivan\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/josh-osullivan\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-300x300.jpg","caption":"Josh O'Sullivan"},"jobTitle":"Editor\/Reporter","description":"Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and de...","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/joshosullivan01","https:\/\/www.linkedin.com\/in\/josh-o-sullivan-a268b7248"]},"headline":"Analysis of on-chain stablecoin data reveals decline in USDT dominance","datePublished":"2022-12-18T01:15:26+00:00","dateModified":"2026-10-29T06:52:37+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/"},"wordCount":370,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Research","Stablecoins","Tokenization"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/","url":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/","name":"Analysis of on-chain stablecoin data reveals decline in USDT dominance","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2022-12-18T01:15:26+00:00","dateModified":"2026-10-29T06:52:37+00:00","description":"Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/analysis-of-on-chain-stablecoin-data-reveals-decline-in-usdt-dominance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Analysis of on-chain stablecoin data reveals decline in USDT dominance"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.tiktok.com\/@cryptoslatenews"],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/a8595939e64fefbd57e709a8eb9d2851","name":"Josh O'Sullivan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/11\/josh-osullivan-150x150.jpg","caption":"Josh O'Sullivan"},"description":"Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance.","url":"https:\/\/cryptoslate.com\/author\/josh-osullivan\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282005"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1398"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=282005"}],"version-history":[{"count":8,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282005\/revisions"}],"predecessor-version":[{"id":578542,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/282005\/revisions\/578542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/273936"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=282005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=282005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=282005"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=282005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}