Tether recoups almost all of market value lost during crypto meltdown
The stablecoin operator had assets totaling around $81.4bn backing its USDT token as of April 21.
Source: moneyweb.co.za
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The stablecoin operator had assets totaling around $81.4bn backing its USDT token as of April 21.
With decentralised-finance applications appearing to be the major beneficiaries.
One big question is how enthusiastic traditional financial institutions will be going forward, and whether they’ll be willing to step in to fill the roles once played by failed crypto startups like FTX.
Investments from venture-capital firms have slowed dramatically
Private funding for crypto startups globally fell to $2.4 billion in the first quarter, an 80% decline from the same period last year.