Tether-Provides-Safe-Haven
  • 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.

Tagged
Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.