Regulatory pressures in the U.S. crypto market are causing a significant shift in trading behaviors, with traders gravitating towards the safety of stablecoins. Tether's USDT supply may have reached an all-time high, but its trading volume tells a different story. With USDC and BUSD experiencing multi-year lows, an intriguing trend emerges in exchange inflows. How does all this connect to the increasing regulatory scrutiny and what does it mean for traders navigating these uncertain waters? Discover the insights in our exclusive Alpha article...
Traders turn to stablecoins as regulatory pressure in the US ramps up Traders turn to stablecoins as regulatory pressure in the US ramps up
Traders have been ditching BTC and ETH, as increased regulatory pressure in the U.S. pushes them toward Tether's USDT.
2 min read
Updated: June 5, 2023 at 6:22 pm
Cover art/illustration via CryptoSlate
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Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
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Bitcoin
$27,402.96
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
More about Bitcoin
Ethereum
$1,656.99
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
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