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.
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