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Tether (USDT) liquid supply resumes growth after three months of decline Currently stands at $66.3 billion

Tether (USDT) liquid supply resumes growth after three months of decline Currently stands at $66.3 billion

On August 3, the circulating supply of TETHer (USDT) began to increase after nearly three months of decline, a possible sign that the crypto market is slowly recovering, according to Cointelegraph.

According to CoinMarkETCap data, the first mint in nearly three months occurred last Friday, followed by three more, the most recent of which occurred on Tuesday. It was small, however, raising USDT’s market capitalisation by just 0.7%, or slightly less than $500 million.

According to the Tether Transparency Report, USDT currently has $66.3 billion in circulation, bringing its total market share to around 43%.

At the beginning of May, USDT supply reached an all-time high of over $83 billion. the collapse of the Terra ecosystem, the resulting crypto market pass-through effect and mass redemptions led to a reduction in USDT liquidity supply, which fell by 21% to a low of $65.8 billion at the end of July.

 


Post time: Aug-03-2022