Tether (USDT) suffered from a sharp decline in market capitalization since October 2018. But with the cryptocurrency market continuing its downward trend, the Stablecoin has now made its way into the Top 5. One factor for this was the dramatic decline of other currencies such as Bitcoin Cash and EOS.
Tether did not issue any new tokens in October of this year. Instead, within a few days, Tether Limited did send a total of 690 million Tethers (USDT) back to its Treasury account. The company took these tokens out of circulation.
https://tokenmantra.com/tether-usdt-in- ... alization/
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Re: Tether (USDT) in the Top 5 cryptocurrencies by market capitalization
690 million Tethers (USD) that the company has withdrawn from circulation should mean that the value of the token in the near future should grow well up, I understand correctly?
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