Tether

Sanctions on BUSD Seem to Have Increased Interest in Tether

Following the US regulatory crackdown against one of its rivals, BUSD, Stablecoin Tether’s flagship token USDT saw an incredible surge in market cap – from $68.47 billion on Tuesday to around $69.23 billion by Wednesday (15), according to CoinMarketCap data. This huge increase is almost equivalent to the decline observed for Binance-owned Paxos issued token BUSD, which plummeted from a market cap of $16.14 billion all the way down to…

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