USDT and USDC activity on Ethereum falls to its lowest level of 2026.

crypthub

about 8 hours ago

Drop in Daily Active Addresses

On‑chain analytics from Santiment show Ethereum‑based USDT and USDC daily active addresses fell to their lowest since December. USDT reached about 202,300 active addresses, while USDC dropped to roughly 109,300. The metric counts unique addresses conducting transactions each day, so the decline signals reduced user activity. This downward trend has unfolded over the past several months.

What the Decline Means

Stablecoins are often kept as “dry powder” for quick moves into volatile assets. Fewer active addresses indicate investors are not transferring capital in or out of USDT/USDC at present. The slowdown appears even as Ethereum and other cryptocurrencies have begun to recover. Analysts suggest that renewed market volatility could reignite stablecoin flows.

Broader Market Signals

Bitcoin’s push toward $75 k may boost traders’ buying power and trigger more stablecoin movement. USDT’s 60‑day market‑cap change has shifted from negative to modestly positive, according to CryptoQuant. Ethereum is trading around $2,300, up roughly 10 % over the last week. Together, these signs hint at a possible uptick in activity if market swings intensify.