- Trading activity involving Tether’s USDT stablecoin has hit multi-year lows.
- USDT has remained the most widely used stablecoin regarding market cap and trading volume.
- USDT’s trading volume has plummeted due to lackluster crypto trading and the reintroduction of trading fees.
In a striking turn of events, trading activity involving Tether’s USDT stablecoin has reached its lowest point in the past four years, even as its market capitalization approaches an impressive all-time high of $83 billion.
Increase in USDT Supply Outpaces Trading Volume
According to a recent report from cryptocurrency market research firm Kaiko, the decline in trading volume for USDT, which serves as a vital tool for trading among stablecoins, raises doubts about the token’s remarkable surge in market capitalization.
Kaiko suggests that the situation seems rather peculiar, given the substantial increase in USDT supply…
