Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation ByJosiah WilmothPRO INVESTOR Updated: 06 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. The loss of its U.S. dollar peg isn’t the only thing driving down the market cap of tether (USDT), the cryptocurrency market’s largest “stablecoin.” Tether Falls Below Dollar Parity The USD-backed token, which as recently as late August had a circulating valuation of nearly $2.9 billion, is now worth just $2.2 billion, representing a two-month The post Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation appeared first on CCN