A Decrease in Stablecoin Market Dominance
The stablecoin market cap dominance has witnessed a significant drop, reaching its lowest point since December 2021. Despite adding the largest monthly supply since February 2022, the market share fell to 8.07% in December. According to a recent research report by CCData, the total market capitalization of stablecoins increased by 3.43% to $128 billion in November. However, this decline in dominance does not indicate a decline in popularity as the market capitalization is steadily rising.
