Market Wrap: Bitcoin Stalls After Short-Squeeze Rally
Technical data suggests lower support around $34,000 could stabilize the current pullback.
As information disclosed by issuers varies, it's not easy for investors to make apple-to-apple comparisons.
Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.
The issuer of the world's largest stablecoin has minted 2.3 billion new USDT tokens since the start of August.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Since the end of May, tether's growth has gone completely flat.