Tether (USDT) market capitalization hits record high of $83.2 billion ── Overall stablecoin market shrinks coindesk JAPAN Coindesk Japan Dollar-backed stablecoin Tether (USDT) tied for all-time highs despite the stablecoin market shrinking. USDT’s market capitalization reached $83.2 billion on June 1, matching the peak reached about a year ago, publisher Tether said. In May 2022, the Terra blockchain collapsed, recovering about $18 billion lost in the subsequent market downturn. USDT’s move runs counter to [...] The post Tether (USDT) market capitalization hits record high of $83.2 billion ── Overall stablecoin market shrinks coindesk JAPAN Coindesk Japan appeared first on Our Bitcoin News.
Author: Damien Martin
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