Tether’s Market Cap Surge Is Puzzling-Kaiko

<a href="https://www.tronweekly.com/tether-usdt-market-cap/" title="Tether’s Market Cap Surge Is Puzzling-Kaiko" rel="nofollow"><img width="300" height="158" src="https://ethereumreader.com/wp-content/uploads/2023/05/tethers-market-cap-surge-is-puzzling-kaiko.webp" class="webfeedsFeaturedVisual wp-post-image" alt="Tether: Exploring The Curious Case Of USDT's Market Cap" decoding="async" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="1" srcset="https://ethereumreader.com/wp-content/uploads/2023/05/tethers-market-cap-surge-is-puzzling-kaiko.webp 300w, https://ethereumreader.com/wp-content/uploads/2023/05/tethers-market-cap-surge-is-puzzling-kaiko-1.webp 1024w, https://ethereumreader.com/wp-content/uploads/2023/05/tethers-market-cap-surge-is-puzzling-kaiko.jpg 768w, https://ethereumreader.com/wp-content/uploads/2023/05/tethers-market-cap-surge-is-puzzling-kaiko-1.jpg 1536w, https://www.tronweekly.com/wp-content/uploads/2023/05/drawkit-illustrations-5xlHjrzQO54-unsplash-e1684822447892.jpg 1600w" sizes="(max-width: 300px) 100vw, 300px" title="Tether's Market Cap Surge Is Puzzling-Kaiko 1"></a>While the daily volume of Tether’s USDT fell to multi-year lows over the weekend, the market valuation of the stablecoin is currently at an all-time high of $82.9 billion. According to crypto market research firm Kaiko, since stablecoins’ primary use is for trading, the unprecedented surge in USDT’s market cap is “questionable” given that the […]