News Formal

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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 464. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: CoinDesk - 🏆 291. / 63 Läs mer »