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Tether USDT Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko Says

Altszn.com by Altszn.com
May 22, 2023
in Blockchain, Crypto, DeFi, Web3
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Tether USDT Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable,’ Kaiko Says
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As trading volumes are falling, and assuming that trading is the dominant use case for stablecoins, a respective decline in market capitalization would be anticipated, according to Clara Medalie, Kaiko’s research director. USDC and BUSD stablecoins’ market caps have shrunk in tandem with trading volumes. “But we are not seeing this trend for Tether,” Medalie said.



Read More: www.coindesk.com

Tags: CapDeFifallsKaikoLowsMarketmultiyearquestionableRiseTetherTradingUSDTVolume
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