Tether (USDT), the world’s largest stablecoin, saw its total supply fall sharply this month as more investors traded the token in for dollars. The trend comes in the wake of one of the worst crypto crashes seen in recent times. Concerns over Terra’s UST had also seen USDT briefly de-peg to $0.95– its lowest level

The post Tether (USDT) Supply Plummets To $74 Bln, Will It Crack Under Pressure? appeared first on CoinGape.



Share To:

CoindeskCrypto

Post A Comment:

0 comments so far,add yours

SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple

The world’s largest interbank messaging network SWIFT has selected Ethereum layer 2 platform Linea to test blockchain-based transactions. It...