Tether’s ability to increase its market capitalization while crypto trading volume remaining lackluster is adding to the ambiguity that surrounds the dominant
That’s the view of researcher Kaiko, which pointed out Monday that this year’s jump in market cap has little correlation with overall volume, “which is questionable considering the primary use case for this stablecoin is trading.”
Tether didn’t immediately return a request for comment.
The stablecoin, which aims to maintain a