- FUD around Tether continued to grow as it didn’t provide audited financial reports
- Tether’s transaction count declined while active addresses witnessed a rise
Tarafından son bir rapora göre Wall Street Journal, Bağlantı [USDT] issued massive loans of around $6.1 billion as of 30 September 2022. Additionally, Tether did not publish audited financial documents or a complete balance sheet documenting the same. This lack of transparency by Tether could stir up more FUD against the stablecoin, as the community may perceive these loans in a negative light.
USDT is the largest stablecoin by market capitalization in the crypto industry. If its parent company, Tether, were to face a financial scandal, it would have a negative ripple effect on the entire crypto market.
At the time of writing, the supply of small contracts on USDT had fallen and reached a 21-month low of 11.64%, according to Glassnode. Ne olursa olsun, large addresses continued to show their interest, as the supply held by the top 1% addresses reached a five-month high 95.32% arasında.
📉 $ USDT Akıllı Sözleşmelerdeki Arz Yüzdesi, %21 ile 11.646 ayın en düşük seviyesine ulaştı
Önceki 21 ayın en düşük seviyesi olan %11.976, 28 Kasım 2022'de gözlemlendi
Metriği görüntüle:https://t.co/FXRb731sNE pic.twitter.com/cXbdiopPqP
- glassnode alerts (@glassnodealerts) Instagram Profilini Görüntüle 2 Aralık 2022
USDT FUD setting in?
USDT showed no improvements throughout the board as the number of USDT transactions continued to decline over the past few days. The value of the transactions plummeted as well, according to data provided by Kumul Analizi.
In terms of network growth, USDT grew on Çokgen (Purple) and Ethereum (Blue) over the last month, as per the image below. A spike in network growth showed that the number of addresses transferring USDT for the first time had increased. This implied that adoption was increasing for USDT on Ethereum and Polygon.
However, Arbitrum’s network growth declined during the same period.
The number of USDT active addresses increased by %18.83 over the last month. Additionally, its market capitalization declined by %10.52 de. As of 2 December, USDT had captured 7.82% of the overall crypto market, according to data provided by Messari.
Source: https://ambcrypto.com/tether-usdt-on-shaky-grounds-will-these-new-developments-reinforce-fear/