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

📆 23/05/2023 22:24:00
📰 TheBlock__

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

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »