The number of active addresses for USDT and USDC on the Ethereum network has reached its lowest point in 2026, according to on-chain analytics firm Santiment. The Daily Active Addresses metric, which tracks the number of addresses participating in transactions, has dropped to 202,300 for USDT and 109,300 for USDC. This decline suggests reduced transaction activity for these stablecoins, indicating a decrease in user interest. Stablecoins like USDT and USDC are often used by investors to avoid the volatility of cryptocurrencies like Bitcoin and Ethereum. The current low activity levels coincide with a recovery surge in Ethereum and other assets, suggesting potential for increased volatility and renewed interest in stablecoin transactions. Meanwhile, USDT's market cap is showing signs of recovery, moving back into positive territory after a period of decline.