There are 3 Stable coins in Algorand ecosystem, USDC, USDT and STBL being the native new born and Struggling. Beside From their use cases for taking profit or placing orders, there is the possibility of putting them as collateral and take loan in the form of STBL. for answering this question we take a look at Swaps Table in Algorand database to see how many times and how much these Stable coins were interacted with.

USDC is the obvious winner in both cases and STBL looking solid in second place thanks to Borrowing mechanism of Algofi. now let's take a look at percentage difference which refer us to one other fact about stable coins on algorand.

USDC is more dominant in Volume percentage comparing to number percentage suggesting that users are more willing to use USDC when it comes to high amounts of money, and also the fact that a lot of STBL pools are bearing high slippage which makes them not suitable for swapping.