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Joao Wedson: On-chain USDT and USDC volume falls below late 2021 levels
Joao Wedson, industry influencer, reports that on-chain transaction volume for stablecoins USDT and USDC is declining across all blockchains.
Despite growth in prediction markets, Wedson observes that the real volume of stablecoins has not recovered to the peak levels recorded at the end of 2021.
Wedson has previously tracked industry sentiment shifts. He recently pointed out that skepticism is rising over whether the Bitcoin market cycle will repeat. In a separate note, he highlighted that periods of extremely low intraday volatility have coincided with Bitcoin bear market bottoms in the past.
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