USDC

<h2 id="quick-take">Quick Take</h2>
While the core purpose of stablecoins like USDT, USDC, and TUSD is to equate to $1, an intriguing pattern of fluctuating price movements emerges upon close scrutiny. By employing a 14-day moving average to smooth out the price variations, we discern noticeable disparities in their respective trajectories.
USDT, after trading at a discount to $1 from July to September, has shifted to trading at a slight premium in recent months. This could indicate a growth in <a href="https://cryptoslate.com/insights/usdt-cements-leadership-with-72-hold-on-stablecoin-market/" rel="noopener noreferrer nofollow">demand</a> for USDT despite its pegged value, possibly due to its widespread adoption and liquidity.
In contrast, USDC, which remained steadfastly anchored to $1 following the banking collapse in March 2023, is now experiencing a slight depreciation. The precise reasons for this relatively minor deviation are yet to be determined, but USDC dominance has dropped below 20% as the circulating supply continues to dwindle.
TUSD, however, exhibits the most pronounced discount, reaching one of its lowest for the year, despite trading within a cent of a dollar.
<figure id="attachment_377283" aria-describedby="caption-attachment-377283" style="width: 100%" class="wp-caption aligncenter">
 <figcaption id="caption-attachment-377283" class="wp-caption-text">
 USDT, USDC, TUSD: (Source: Glassnode)
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The post <a href="https://cryptoslate.com/insights/price-fluctuations-in-stablecoins-spotlight-diverging-market-sentiments/" rel="noopener noreferrer nofollow">Price fluctuations in stablecoins spotlight diverging market sentiments</a> appeared first on <a href="https://cryptoslate.com" rel="noopener noreferrer nofollow">CryptoSlate</a>.

Price fluctuations in stablecoins spotlight diverging market sentiments

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