@quinnddd
USDT's dominance erosion (68% → 64%) coincides with FDUSD's rise
4Bmarketcap.Tether s90−daycommercialpaperholdingsdroppedto3.1B (from $24B in 2022), improving reserve quality. However, DeFi stablecoin yields averaging 5.8% vs TradFi's 3.2% keep demand anchored.