In this week's Glassnode Clips, we focus on Stablecoin Dominance:

- Tether (USDT) is regaining its market dominance, closely approaching its previous peak levels. This resurgence indicates its escalating importance, especially in markets outside the United States.
- A noteworthy increase in USD Coin's (USDC) outflows has been observed in 2023, a trend likely driven by U.S. capital migrating toward markets offering higher interest rates.
- Pertinent to the overall stablecoin environment, a net outflow is evident across the board, suggesting a prevailing trend of stablecoin redemptions in the market.

Discover more in the latest Glassnode Clips below 👇
https://www.youtube.com/watch?v=LbjMKR7rzf0