On-chain data shows the Ethereum versions of USDT and USDC, the two largest stablecoins, have seen their active addresses fall to the lowest level of 2026.<\/p>\n
In a new post<\/a> on X, on-chain analytics firm Santiment has talked about the latest trend in the Daily Active Addresses<\/a> for the Ethereum<\/a> versions of USDT and USDC. This indicator measures the daily total number of addresses participating in some kind of transaction activity on the network.<\/p>\n When the value of this metric goes up, it means more addresses are coming online on the blockchain every day. Such a trend implies user interest in the cryptocurrency is rising.<\/p>\n On the other hand, the indicator observing a decline suggests holders of the asset are reducing their transaction activity as fewer of them are making moves on the network.<\/p>\n Now, here is the chart shared by Santiment that shows the trend in this metric for USDT and USDC on the Ethereum blockchain over the last few months:<\/p>\n As displayed in the above graph, both the top two stablecoins have seen a drawdown in the Daily Active Addresses, suggesting activity related to them has declined. More specifically, the metric has dropped to 202,300 for USDT and 109,300 for USDC. Both these values are the lowest that they have been since December.<\/p>\n Stablecoins occupy a different spot in the sector than volatile assets like Bitcoin and Ethereum; investors use them when they want to stash their capital away from the volatility associated with the other cryptocurrencies.<\/p>\n