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Source: coinmetrics.substack.com ·
Weekly Feature Stablecoin Summer Review The stablecoin wars heated up this summer. Now that summer is nearing an end, we took a look back at how the major stablecoins fared over the last three months. Paxos (PAX), USD Coin (USDC), and Dai (DAI), all exhibited strong growth over the last three months, measured by the total number of addresses holding at least $10. TrueUSD (TUSD) and Tether (”Tether” includes both USDT, which is the Omni version of the Tether protocol, and USDT-ETH, which is the Ethereum version) both had moderate growth, while Gemini Dollar (GUSD) declined. The below chart shows the growth of stablecoin addresses with at least $10 from June 1st to September 1st.

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