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Majority of Stablecoins Re-Store the $1 Peg – Including USDC Whilst USDT Dominance Hits 58%

Over the past few days, stablecoins lost the peg to $1; the main headline was USDC.

USDT was trading at a premium all other stablecoins were trading at a discount to the $1 peg.

USDT has now returned back to the $1 peg.

USDC, BUSD, and GUSD are now roughly back at $1.

While DAI is slightly under $1.. USDT dominance increases to 58%, a high that was last seen back in mid 2021.

(By James Van Straten)

Tether USDt Tether USDt $1.00
-0.09%
USDT Dai
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