Tether Provides Safe Haven Amid Bleeding Crypto Market

  • USDT became the go-to-place of crypto investors to avoid the bearish market.
  • Investors maximize their profit by staking USDT.

Tether (USDT) became the go-to-place of the crypto community to avoid the wild market swings of the bearish market. Consequently, USDT is now once again the most talked about digital asset in the crypto world as it continues to increase its market capitalization. The recent market crash due to a series of unfortunate events triggered the market cap surge of USDT.

Furthermore, USDT provides not just a safe place for the crypto community but it also allows investors to earn. This earn feature of USDT can be found in different crypto platforms that offer USDT staking. For example, USDT in Crypto.com wallet under the earn feature enables Tether to earn 12% p.a. Indeed, this feature using USDT offers crypto investors the chance to maximize their profit potential using Tether.

On the other hand, the cryptocurrencies that hold higher ranks than USDT such as Bitcoin and Ethereum continue to bleed. As a result, both BTC and ETH suffered a price decline of over -20% in the past 7 days. 

This bearish performance specifically of Bitcoin was felt by the altcoins across the whole crypto market. As a result, cryptos such as ADA, BNB, DOGE, and XRP to name a few keep battling the raging bears.

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