Within a month, the capitalization of Tether, the most popular stablecoin, fell by 29% to $2 billion. At its peak, it was $2.8 billion.
In addition, the recent Tether’s rate dropped sharply to its April 2017 level. The coin fell to a record high of $0.92.
At the same time, analysts notice an influx of investors’ assets in Paxos, Gemini and Circle stablecoins.
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At the same time, analysts notice an influx of investors’ assets in Paxos, Gemini and Circle stablecoins.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.