Trading volume of USDT and PYUSD against USDS on Uniswap reached a cumulative $3.3 billion over the past month, with $2.2 billion from USDT, averaging $73 million per day. In comparison, the king of stablecoin pools from the previous cycle, 3pool, had a 24-hour trading volume of $16 million, roughly 4.5 times less.