Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

Related:

Since Feb. 13 when the news broke, the BUSD market cap has lost roughly $2 billion, down to around $14 billion as of Feb. 16 — the lowest since January 2022., Binance has seen its withdrawals and BUSD redemptions surge post-Paxos crackdown.At the same time, USD Coin , the second-largest stablecoin by market capitalization, has also witnessed capital outflows in reaction to the SEC crackdown news. Its supply decreased from $41.29 billion on Feb. 12 to as low as $40.99 billion on Feb. 14.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

Cointelegraph /  🏆 562. in NL

The next bear market will be triggered by the collapse of Tether. USDT is a ticking timebomb💣

It looks like Tether USDT is well-positioned to benefit from the SEC's stablecoin crackdown.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Tether (USDT) Market Cap Back Above $69 Billion Amid Binance FUDMarket cap of Tether surges over $69 billion; $USDT controls more than half of stablecoin market w/ paoloardoino
Bron: Utoday_en - 🏆 295. / 63 Lees verder »