Tether USDt (USDT) Market Value Falls $810 Million in Five Days
Photo: TokenPost
Tether USDt (USDT) lost $810 million in market value between mid-October daily readings, raising questions about dollar-linked liquidity as Bitcoin (BTC) tried to extend its recovery. USDT’s market value fell from $183.87 billion in the Oct. 15-16 reading to $183.06 billion in the Oct. 20-21 reading. At 11:40 a.m. ET (15:40 UTC) on Oct. 20, it stood near $183 billion. The broader stablecoin market was valued at $301.4 billion, up $1.6 billion over 90 days. The USDT decline alone does not show that $810 million left crypto.
Source: TokenPost
