Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko
Trading with Tether’s USDT stablecoin has fallen to multi-year lows, making the token’s rise to near all-time highs in market capitalization “questionable,” crypto market research firm Kaiko said in a Monday report.As stablecoins’ primary use is for trading, USDT’s recent increased supply to $83 billion while the token’s use falls, “seems inordinate,” according to Kaiko.Dollar-pegged…
