Tether, USDT market cap has dropped by US$10B since UST collapse
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Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since TerraUSD’s (UST) collapse. See related article: Nearly half of…
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Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable dollar peg and boasts one of the deepest reserves in the cryptocurrency industry.…
During the last week, the stablecoin Tether (USDT) recorded its largest loss of capitalization since the collapse of FTX in November 2022. The trigger for this decline seems to be the delisting of the coin on Coinbase, along with the various regulatory complications of Mica in Europe. What does all…