šØ FUN FACT: ~90% of stablecoin volume comes from Tether and Circle
What is happening? $BTC
ā¢ Dominance by USDT + USDC
ā¢ Majority of liquidity concentrated $ETH
ā¢ Stablecoin market highly consolidated š
What this suggests:
ā¢ Systemic reliance on two issuers
ā¢ Liquidity flows centralized $BNB
ā¢ Competition barrier for new stablecoins
Context:
ā¢ USDt leads trading pairs globally
ā¢ USD Coin widely used in DeFi and institutions
š Market takeaway:
Neutral but important. Stablecoin market stability heavily tied to USDT and USDC health.