The Calm Before the Storm? What Low Stablecoin Activity Means for ETH
Ethereum
The Ethereum network is unusually quiet. According to on-chain data from Santiment, active addresses for USDT and USDC have dropped to the lowest level of 2026 — a signal of reduced buying power and subdued market conditions. The last time stablecoin activity fell this low was in 2024, just before Ethereum embarked on a rally
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