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
Ethereum's net supply increased by 18,469 in the past 7 days
Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud
Data: Machi increases Ethereum long positions to $28.6 millions, with an entry price of $2,981.59
Nasdaq: Approval of its tokenized stock program by the SEC is now a top priority
Trending news
MoreCrypto prices
More
