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Tether Sheds $5.5 Billion in USDT Supply as Stablecoin Turnover Hits a Record Pace

Josh1 min read

Tether on mobile phone with chart in backgroundStablecoin market value has declined by about $14 billion from its May peak, marking the sharpest monthly contraction since 2022. Yet record settlement volumes suggest the sector is becoming a faster-moving payments network rather than a store of idle digital dollars. Stablecoin Issuers Lose $7.7 Billion in June as Transaction Volume Jumps 63% Stablecoin supply […]

Source: https://news.bitcoin.com/stablecoins/tether-sheds-5-5-billion-in-usdt-supply-as-stablecoin-turnover-hits-a-record-pace/

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