Stable coins: Day3

Stable coin Ethereum

Drilling down on stablecoins further, this chart shows the average swap value per stable coin on Ethereum.

$DAI is the heavy hitter peaking near $50k/swap in May and averaging 64% more $/swap than $USDT.

$USDT is the choice of small retail accounts averaging only $6.6k/swap.


Checkout the breakdown in the chart below. 

It seems that $UST is used by some big fish as well. Average swap value coming in just under that of $DAI but no where near the same volume.