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
Lagarde reiterates she will leave the European Central Bank in 2027 but refuses to provide an exact date
Christine Lagarde reiterated that she will step down as President of the European Central Bank in 2027 but refused to say whether she will remain in office until her term ends in October next year.
Roivant Sciences holds annual shareholder meeting
Crypto prices
More
