Facebook Twitter Instagram
    Coinrevolution
    • Cryptocurrency
      • Crypto Exchanges
        • Binance Review
        • Bitstamp Review
        • Bitvavo Review
        • BTC Markets Review
        • Blockchain.com Review
        • CoinMetro Review
        • Gemini Review
        • Kraken Review
        • Newton Review
        • Liquid Review
        • Wealthsimple Review
      • Price Prediction
        • Akita Inu Price Prediction
        • ANKR Price Prediction
        • Avalanche price prediction
        • BizzCoin Price Prediction
        • Carando Price Prediction
        • Cartesi Price Prediction
        • Dogecoin price prediction
        • Dogelon Mars Price Prediction
        • Enjin (ENJ) Price Prediction
        • Ethereum Price Prediction
        • Gala Price Prediction
        • GRT Price prediction
        • Harmony ONE Price Prediction
        • IoTex Price prediction
        • Loopring Price Prediction
        • NuCypher Price Prediction
        • Polkadot Price Prediction
        • Ren Price Prediction
        • SafeCoin Price Prediction
        • Saitama V2 Price Prediction
        • Shiba Inu Price prediction
        • Siacoin Price Prediction
        • Stellar (XLM) Price Prediction
        • SushiSwap Price Prediction
        • Vechain Price Prediction
        • Xrp price prediction
      • Buy Cryptocurrency UK
        • Best Crypto Exchanges UK
        • Buy Bitcoin UK
          • Best Bitcoin Wallet UK
          • Buy Bitcoin With Credit Card UK
        • Buy DigiByte Coin UK
        • Buy Dogecoin UK
        • Buy Ethereum UK
        • Buy IOTA UK
        • Buy Monero UK
        • Buy Siacoin (SC) UK
        • Buy Stellar Lumens (XLM) UK
        • Buy VeChain (VET) UK
        • Buy XRP UK
      • Buy Cryptocurrency Australia
        • Buy Bitcoin Australia
        • Cryptocurrency Exchanges Australia
        • Best Crypto Wallets Australia
      • Buy Cryptocurrency Canada
        • Buy Bitcoin Canada
        • Crypto Exchanges Canada
        • Crypto Wallets Canada
        • Buy Ripple Canada
      • Buy Cryptocurrency Ireland
        • Buy Bitcoin Ireland
        • Crypto Exchanges Ireland
        • Crypto Wallets Ireland
      • Buy Cryptocurrency South Africa
        • Bitcoin Exchanges South Africa
        • Buy Stocks Ireland
        • Buy Ethereum South Africa
        • Buy Ripple (Xrp) South Africa
      • Crypto Exchanges New Zealand
      • Buy Cryptocurrency UAE
        • Crypto Exchanges UAE
        • Buy Bitcoin UAE
      • Buy Cryptocurrency Singapore
        • Buy Bitcoin Singapore
      • Buy Cryptocurrency Thailand
        • Crypto Exchanges Thailand
        • Buy Bitcoin Thailand
      • Buy Cryptocurrency Qatar
        • Crypto Exchanges Qatar
        • Buy Bitcoin Qatar
      • Buy Cryptocurrency Philippines
        • Cryptocurrency Exchanges Philippines
        • Bitcoin Wallet Philippines
      • Buy Cryptocurrency Saudi Arabia
        • Buy Bitcoin Saudi Arabia
    • investing
      • Best investment platforms UK
      • Best Investment Apps UK
      • Invest In Cryptocurrency Australia
      • Invest In Gold Australia
      • Invest In Silver Australia
      • Invest In Crypto New Zealand
      • Invest and Buy Shares South Africa
      • Invest In Bitcoin Philippines
      • Loans
        • Cash Loans Online
        • Cash Loans Wired in 1 Hour
        • Emergency Loans for Bad Credit
        • Online Payday Loan Canada
        • Payday Loans Ireland
    • Trading
      • Stock Trading Apps Ireland
      • Trading Apps South Africa
      • Trading Platforms South Africa
      • Forex
        • Free Forex Signals UK
        • Forex Trading For Beginners UK
        • Forex Trading Platforms UK
        • Forex Brokers UAE
        • Forex Trading Saudi Arabia
    • Brokers
      • Brokers UK
        • MetaTrader 4 Brokers UK
        • Crypto Brokers UK
        • Stock Brokers UK
      • Stock Brokers Ireland
      • Brokers Compare
        • Chime VS Cash App:
        • Betterment vs. TD Ameritrade
        • Questrade vs. Wealthsimple
        • Tastyworks vs Robinhood
    • Trading Software
      • Bitcoin Software A-L
        • Bitcoin Billionaire
        • Bitcoin Circuit
        • Bitcoin Code
        • Bitcoin Compass
        • Bitcoin Equalizer
        • Bitcoin Era
        • Bitcoin Evolution
        • Bitcoin Fast Profit
        • BITCOIN GEMINI
        • Bitcoin Loophole
      • Bitcoin Software M-Z
        • Bitcoin Millionaire
        • Bitcoin Prime
        • Bitcoin Profit
        • BITCOIN SUPERSTAR
        • Bitcoin Trader
        • Bitcoin Up
        • Bitqt
      • Crypto Engine
      • Crypto Genius
      • CryptoSoft
      • Ethereum Code
      • Immediate Edge
      • Oil Profit
      • The News Spy
      • Yuanpay group
      • 1K Daily Profit
    • Contact Us
    Facebook Twitter Instagram
    Coinrevolution
    Home » The Supply Of USDT Is Rising On Exchanges Signaling Increased Adoption
    News

    The Supply Of USDT Is Rising On Exchanges Signaling Increased Adoption

    Samantha MitchellBy Samantha MitchellJune 22, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    USDT
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The supply of USDT in Crypto exchange platforms such as Binance and Huobi is on the rise. This is according to a report by Santiment, which shows that more Tether coins are transacted in the Crypto market.

    In comparison, the supply of BTC is plummeting at a meteoric pace, and the level is at a 4-year low. The report shows that investors moved 114,000 BTC tokens from exchanges in the last week alone. Consequently, the circulating supply ratio of BTC fell below the 10% mark. According to analysts, this is a pointer that the sell-off pressures on Bitcoin will decrease, which may shore up the price and hedge against further losses in the ravaging Crypto winter.

    Table of Contents

    • What An Increase in USDT Supply Means
    • The Crypto Market Is Recovering from The Terra UST Crash
    • Tether USDT is The Highest Valued Stablecoin

    What An Increase in USDT Supply Means

    The increasing supply of USDT signals the growth of investor confidence in digital assets. Stablecoins such as Tether are pegged against tangible assets, and their values are not affected by market shocks.

    On the other hand, wealth held in fiat currencies can be diminished by economic hazards. These hazards include; inflation, devaluation of currencies, and monetary policies such as increases in lending rates.

    These two factors make USDT an ideal option for storing wealth. To ensure that there is equilibrium in the demand and supply dynamics, Tether is opting to increase the supply of the token to maintain the price at its ideal level of $1.

    The Crypto Market Is Recovering from The Terra UST Crash

    Following the Terra Luna (UST) crash, investor confidence in Stablecoins is being re-established. Tether, for instance, has divested from risky commercial paper instruments deemed risky. This is meant to ensure that an unanticipated unfavorable performance does not compromise the USDT backing.

    The mitigation effort to mitigate the fallout from the plunge is bearing positive results and restoring confidence in Stablecoins. However, more effort is needed in marketing algorithmic Stablecoins as they are deemed risky.

    Other Stablecoins that are in high demand by investors include; USD Coin (USDC), Binance USD (BUSD), and the Pax Dollar (USDP).

    Tether USDT is The Highest Valued Stablecoin

    The market capitalization of the USDT is $66,913,905,731 which is the third-largest after Bitcoin and Ethereum. The current price of 0.9990 is 0.77% less than its 24-hour peak of 0.9992. One of the most notable aspects of the circulating supply of the Crypto is the high level. With a total of 66,981,025,012 USDT in supply, the circulation of 49,180,017,601 USDT is 72% compared to Bitcoin’s rate of less than 10%. The high circulation rate shows that the USDT is ideal for transacting and not hodling.

    In the meantime, the Crypto bears are still prevailing, and the Crypto market has lost the upward momentum that prevailed on Monday morning.

    Click to rate this post!
    [Total: 0 Average: 0]
    USDT
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samantha Mitchell
    • Facebook
    • Pinterest
    • Instagram
    • LinkedIn

    Sam Mitchell is a Freelance Writer & Fitness Instructor from South Africa, living in Australia. She comes to the team with extensive writing and Social Media experience, covering a wide variety of genres from blog posts, book reviews, Whitepapers, blogs and guides to news pieces...and more. Sam has been Freelancing for over 17 years, working with many different clients. You can get in touch with Sam at www.stmwritingsolutions.com

    Related Posts

    US SEC Is Set To Classify Bitcoin As A Commodity

    June 29, 2022

    It’s A Buyers’ Market As The Bears Persist

    June 28, 2022

    Crypto Exchanges Face Challenges In India, But The RBI Continues To Support Blockchain

    June 27, 2022
    Table of Contnets
    • What An Increase in USDT Supply Means
    • The Crypto Market Is Recovering from The Terra UST Crash
    • Tether USDT is The Highest Valued Stablecoin
    Guide
    • Cryptocurrency
    • Forex
    • Trading
    • Investing
    • Brokers
    • Trading Software

    Trading is very risky. Consult a financial advisor. Coinrevolution does not guarantee the accuracy of the presented data and is not responsible for any trading decisions. Please read our full disclaimer

    Facebook Twitter Instagram Pinterest
    • Risk Disclaimer
    • About Us
    • Privacy Policy
    • Contact Us
    © 2022 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version