USDT and USDC are losing dominance in supply, not in usage. Their share of total stablecoin supply has dropped ~3.3% YTD as new entrants (USDe, USDS, PYUSD, etc.) expanded faster. Yet Daily Active Addresses tells a different story: USDT + USDC still account for 90%+ of all active stablecoin addresses.
Flame me for using active addresses, but while USDT/USDC might be giving up share of supply, their usage is still 90%+ on DAA metric
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