premiums

According to the report, according to the data of Coingecko, the short-term premium of the US dollar stable currency Tether (USDT) has risen to US $1.02, and the current market value has also risen to US $74.227 billion, a new high since May 2022. USDT has a short-term premium, which has now risen to $1.02 Analysis based on this information:The cryptocurrency market is currently experiencing a surge in the value of the US dollar stablecoin, Tether (USDT). According to a report based on the data provided by Coingecko, Tether’s short-term premium has reached US $1.02, which is a remarkable hike in comparison to its previous value. Additionally, the report reveals that the current market value of the Tether stablecoin has risen to US $74.227 billion, marking a new high since May 2022. This observation highlights the increasing demand for stablecoins in the cryptocurrency market, as investors seek stable digital assets of value. Tether, often referred to as a stablecoin, is…