Tether Market Cap Dips More Than $10B in May

Tether lost its peg to the dollar during the steep decline in the prices of cryptocurrencies in May, leading to a substantial drop in the market value of one of the most used stablecoins.

Tether closed the fifth month of the year with a market capitalization in the region of $72.5 billion, according to Be[In]Crypto research. This was a 12% dip from the market cap on May 1.

[Via]

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