Tether USDt

<ul><li>Whales reduce their stablecoin holdings amid market turbulence, signaling caution as cryptocurrency values dip.</li><li>Tether stands out, enjoying increased popularity in emerging markets, potentially reshaping the stablecoin landscape.</li><li>The crypto market&#39;s path to recovery remains uneven, with Bitcoin maintaining a somewhat stable position at around $27,125.</li></ul>Stablecoins are seeing a downturn, particularly in the domain of big investors or &#34;whales.&#34; Despite this dip, <a href="https://cryptotale.org/tethers-3-3-billion-liquidity-cushion-bolsters-ecosystem-stability/" rel="noopener noreferrer nofollow">Tether</a>, a leading stablecoin, stands resilient. While the crypto ecosystem begins recovering from the previous year&#39;s lows, stablecoins grapple more than their counterparts.Whales have lately reduced their stablecoin holdings, hinting a weaker buying power than when Bitcoin stood robust above $30,000 in June. Santiment&#39;s recent report on Twitter indicates that their current activity is at its lowest in the past six months. For a potential reversal, eyes are on the resurgence of these $5M&#43; whale wallets.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0caaad06faf64ab6b0dd8398f1ff88b6.png" />Stablecoins have been experiencing a rocky road, plummeting to their lowest market capitalization in over two years. Notably, these tokens are tied to real-world assets, commonly the <a href="https://cryptotale.org/?s&#61;U.S.&#43;dollar" rel="noopener noreferrer nofollow">U.S. dollar</a>. The dollar&#39;s strength or weakness heavily influences its fate. According to a Reuters <a href="https://www.reuters.com/technology/cryptoverse-stablecoins-sag-dog-days-summer-2023-09-19/" rel="noopener noreferrer nofollow">report</a>, James Butterfill, the head of research at CoinShares, noted that the inclination for dollar-denominated stablecoins directly correlates with the dollar demand. Past fluctuations in the dollar index on interest rate escalations led to notable increases in stablecoin transactions.CCData&#39;s research establishes a grim landscape for the stablecoin market, projecting its 18th consecutive monthly decline. As of September 14, the market cap stood at $124.4 billion.Read full article<a href="https://cryptotale.org/stablecoin-activity-declines-to-6-month-lows-santiment-report/" rel="noopener noreferrer nofollow"> at CryptoTale.</a>

Stablecoin Activity Declines to 6-Month Lows: Santiment Report

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