Skip to main content

Tether's USDT market cap dips below $70B for an 8-month low

 Amid Tether losing market share over the past few weeks, the Circle-backed USDC Stablecoin has been growing notably, with the market value surging to $55 billion. 

Post image

Amid Tether losing market share over the past few weeks, the Circle-backed USDC Stablecoin has been growing notably, with the market value surging to $55 billion. 

Tether(USDT) is the giant Stablecoin and the third-largest digital currency by market capitalization continues to lose its market value. 

USDT's market cap decreased by $70 billion for the first time since October 2021. The drop followed a cascade of repeated declines shortly after the USDT market value reached its all-time high above $80 billion in May. 

According to CoinGecko Tether USDT's market capitalization stands at $69.3 billion up approx $300 million from the multi-month low.

Read full news at: http://cryptounity.news/tethers-usdt-market-cap-dips-below-70b-for-an-8-month-low

Comments

Post a Comment

Popular posts from this blog

StarkWare is built into a unique ZK-Rollup Snap by MetaMask

  StarkNet is not yet natively compatible with MetaMask because it uses a different address and account structure than Ethereum this is not EVM compatible with the first-ever Layer 2 snap that makes ZK rollup compatible users now have better access to a permissionless decentralized network for quick cheap applications. We made a StarkNet dApp that lets users install the snap as well manage and add tokens that are based on StarkNet snap lets you manage StarkNet assets by making StarkNet keys from your MetaMask secret Recovery Phrase without having access to your MetaMask information. Read full news at:  http://cryptounity.news/starkware-is-built-into-a-unique-zk-rollup-snap-by-metamask
Post a Comment
Read more

Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync

  Matter Lab's proposal to deploy Aave on the Testnet for its Ethereum scaler zKSync has been approved.  Aave  community members approved Matter Lab's proposal to deploy the decentralized lending protocol Aave on its Ethereum scaling product zkSync. Most voters favor the proposal while a mere 0.02% abstained more than 501,000 Aave governance tokens (AAVE) were used in the voting process.  The approved proposal is to deploy Aave to zkSync Testnet for Mainnet deployment Matter Labs would need to propose a new vote.  Read full news at:   http://cryptounity.news/aave-votes-to-deploy-on-ethereum-layer-2-solution-zksync
Post a Comment
Read more

What is the Ethereum Merge? : All you need to know about Ethereum Merge 2.0

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-work (PoW) system. This will bring about a 99.95% decrease in Ethereum’s energy utilization, and the capacity to additional scale the Ethereum environment. It will bring about Ethereum 2.0, another adaptation of Ethereum. Currently, there are two independent blockchains for Ethereum operating in isolation. These are the current proof-of-work (POW) Ethereum chain and a separate proof-of-stake Beacon Chain. The Merge means to emphatically work on the effectiveness of the Ethereum platform by eliminating the requirement for energy-concentrated mining. It rather permits a network of validators to assume control over the job of block production and consensus. Read full news at:  http://cryptounity.news/what-is-the-ethereum-merge-all-you-need-to-know-about-ethereum-merge-20
Post a Comment
Read more