USDT makes bear market comeback with total supply nearing all-time high

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Tron-based Tether appears to be a darling of whales and OTC trading shops.

Total supply of USDT hit $83.5 billion this week, nearing the all time high of $84.1 billion seen last year.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.It's been a sleepy period for the crypto market, but one player is doing just about as well as it did during the go-go days of the most recent bull cycle.

As for what's behind USDT's rise? According to data provider Kaiko, it doesn't appear to be tied to an increase in trading volumes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin payments app Strike integrates Tether's USDT stablecoinBitcoin payments app Strike has added support for Tether's USDT stablecoin, enabling USDT on-ramps, off-ramps and settlements.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Tether's USDT Trading Volume Falls to Lowest Level in Four Years: KaikoCrypto market research firm Kaiko is out with a new report, noting that trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion. CoinDesk's Jenn Sanasie presents 'The Chart of the Day.'
Source: CoinDesk - 🏆 291. / 63 Read more »

Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ KaikoTrading volume of Tether_to’s $USDT has fallen to its lowest level in 4 years, while the stablecoin’s market capitalization nears an all-time high. KaikoData calls the market cap rise “questionable,” as $USDT’s main use is trading. By sndr_krisztian
Source: CoinDesk - 🏆 291. / 63 Read more »