The stablecoin landscape remains heavily concentrated around a handful of dominant assets.

USDT and USDC continue to sit at the center of the ecosystem, surrounded by a growing number of smaller competitors fighting for relevance across DeFi, payments, and RWAs. What stands out to me is that adoption is becoming increasingly fragmented at the edges, even as liquidity remains concentrated in the largest issuers.
_
〽️ Crypto Pulse 👉 @degendaoinfo #crypto