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About Stablecoin Dominance
Each major stablecoin's share of total stablecoin supply over time. Tracks the USDT versus USDC market-share battle: USDT (Tether) has historically dominated at ~60-70%, with USDC (Circle) the regulated challenger. Shifts in dominance signal where liquidity is concentrating: offshore/retail (USDT) versus regulated/institutional (USDC). Toggle DAI and FDUSD to see the smaller issuers.
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