Data: The amount of USDT minted on Ethereum and Tron has dropped from 7 billion USD to 1 billion USD within six months
ChainCatcher news, according to Bitcoinist, by the beginning of July, USDT minting activity on Ethereum and Tron has dropped from 700 million USD to 1 billion USD. The decrease in USDT minted on Ethereum and Tron indicates a decline in demand for cryptocurrencies. Usually when a large amount of USDT is minted, the price of Bitcoin and other cryptocurrencies tends to rise.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 10.3681 million SYRUP transferred from Syrup.fi, routed through intermediaries and flowed into Wintermute
Sahara AI: No unlocks or security incidents have occurred, investigation into abnormal market fluctuations is ongoing
CertiK: Approximately $127 million in confirmed losses from attacks, hacks, and scams in November
Trending news
MoreCrypto prices
More
