Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation

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