Tether's USDT market cap dips below $70B for an 8-month low
Cointelegraph
Published Jun 17, 2022 09:22AM ET
Updated Jun 17, 2022 11:40AM ET
Tether (USDT), the biggest stablecoin and the third-largest digital currency by market capitalization continues losing its market value amid the current market downturn.
On Thursday, USDT’s market cap dropped below $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.
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Written By: Cointelegraph
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