USDT and USDC active addresses hit 2026 low on Ethereum

1 min

USDT and USDC activity on Ethereum hits multi‑month low. Santiment flags a drop in daily active addresses.

Santiment reports a fresh decline in daily active addresses for the Ethereum versions of USDT and USDC, the lowest since December on Ethereum (Santiment on X).

- USDT active addresses: 202,300
- USDC active addresses: 109,300
- Both at the lowest since December (source: Santiment)

Lower address activity points to weaker demand for stablecoin swaps. Stablecoins often act as “dry powder” on the sidelines (NewsBTC on dry powder).

Santiment adds that Bitcoin momentum could revive flows. “With Bitcoin making good momentum today and pushing toward $75K, expect for traders’ buying power to pick up a bit... More volatility means more ‘dry powder’ being moved” (Santiment, Bitcoin).

Related: USDT’s 60‑day market cap change, negative earlier, is turning positive again, per CryptoQuant’s Maartunn (Maartunn on X).