The ‘why’ behind Tether’s market cap surge

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Tether market cap surges despite poor trading volume: Here's why

Surprisingly, the surge in market valuation has come despite a noticeable drop in trading volumes across exchanges, seen as one of the primary use cases for stablecoins., USDT’s market cap has attained all-time highs despite logging six consecutive weeks of depleting trading volume across all categories of exchanges.

Although it was anticipated that USDT would strengthen its market share in stablecoin trading after the macroeconomic triggers in March, Binance’s promotion ofWhile historically, there existed a close link between changes in USDT’s trade volume and its market cap, the correlation has hit zero at the time of writing.

 

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:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines