DEFI relies in Stable coins and no Block chain can survive without a pegged and Solid Stable coin. with All the issues that had happened for Centralized Stable coins and arguments around their legitimacy every block chain tends too stablish their own decentralized Stable coin to address this issues. though we still know that they have a long way ahead to get past the popularity of Centralized Stable Coins. this is also true about Algorand block chain and their three stable coins.

As charts above and below indicate, USDC is dominantly on top of Volume and Number of transactions as two criteria we chose for our analysis. it's better pegged, well known and backed securely. why is that STBL with all that challenges that is facing is more popular than USDT? my guess is that with Algofi lending mechanism, people get their hand on a lot of STBL which mostly swap them to get more USDC.

now that we now USDC is the most popular stable coin lets take a look on which assets are swapping to USDC most?

Result suggests that people mostly use USDC to trade for ALGO and again STBL that is borrowed from algofi is being swapped to USDC.