The leading stablecoin Tether contracts again as its market capitalization points to a second consecutive monthly decline
$What you need to know:
Tether's market value has fallen for the second consecutive month, an unusual contraction that recalls the post-Terra recession in 2022 and signals renewed stress in the crypto markets.
Analysts say that the reduction in the supply of stablecoins, combined with weak demand for U.S.-listed spot bitcoin ETFs, raises doubts about the sustainability of any recovery in bitcoin and digital assets in general.
Although USDC has recovered from its January low to approximately 75 billion dollars in market value, its growth has flattened this year, highlighting a broader slowdown among major stablecoins.
#noticiascriptomonedas #Notice $NVDAon #TrendingTopic #Tether #USDT $USDT
$What you need to know:
Tether's market value has fallen for the second consecutive month, an unusual contraction that recalls the post-Terra recession in 2022 and signals renewed stress in the crypto markets.
Analysts say that the reduction in the supply of stablecoins, combined with weak demand for U.S.-listed spot bitcoin ETFs, raises doubts about the sustainability of any recovery in bitcoin and digital assets in general.
Although USDC has recovered from its January low to approximately 75 billion dollars in market value, its growth has flattened this year, highlighting a broader slowdown among major stablecoins.
#noticiascriptomonedas #Notice $NVDAon #TrendingTopic #Tether #USDT $USDT